Amica Mutual Insurance Co. Has $8.47 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Amica Mutual Insurance Co. grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 88.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,653 shares of the technology company’s stock after buying an additional 8,773 shares during the period. Amica Mutual Insurance Co.’s holdings in Tyler Technologies were worth $8,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Tyler Technologies in the 4th quarter worth $29,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter worth $38,000. Geneos Wealth Management Inc. grew its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 2.2%

Tyler Technologies stock opened at $312.84 on Friday. The firm has a market capitalization of $13.19 billion, a P/E ratio of 43.21, a PEG ratio of 2.06 and a beta of 0.86. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $621.34. The business has a 50-day moving average of $328.82 and a 200-day moving average of $383.32.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same quarter in the prior year, the firm posted $2.78 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 9.89 EPS for the current fiscal year.

Insider Activity

In other news, COO Jeffrey David Puckett sold 5,174 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the sale, the director owned 5,298 shares in the company, valued at approximately $1,849,743.72. This trade represents a 23.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,298 shares of company stock valued at $2,658,721. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. Oppenheimer decreased their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. The Goldman Sachs Group set a $420.00 price target on shares of Tyler Technologies in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Finally, TD Cowen decreased their price target on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $468.53.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.