Empire Life Investments Inc. Sells 538 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Empire Life Investments Inc. lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 59,690 shares of the technology company’s stock after selling 538 shares during the period. Tyler Technologies makes up about 2.1% of Empire Life Investments Inc.’s holdings, making the stock its 13th largest position. Empire Life Investments Inc. owned 0.14% of Tyler Technologies worth $34,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TYL. Independence Bank of Kentucky bought a new stake in Tyler Technologies during the 2nd quarter valued at $25,000. Covestor Ltd increased its position in shares of Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory bought a new position in Tyler Technologies in the 2nd quarter valued at about $38,000. Finally, Larson Financial Group LLC raised its stake in shares of Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TYL. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Oppenheimer upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Needham & Company LLC boosted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.5 %

Shares of NYSE:TYL opened at $602.75 on Friday. The stock has a 50 day moving average price of $588.09 and a 200-day moving average price of $534.42. The firm has a market capitalization of $25.80 billion, a P/E ratio of 109.99, a P/E/G ratio of 5.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a 52-week low of $378.56 and a 52-week high of $631.43.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the previous year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,100 shares of company stock worth $16,890,717 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.