Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,619 shares of the technology company’s stock after purchasing an additional 173 shares during the quarter. Mackenzie Financial Corp’s holdings in Tyler Technologies were worth $1,095,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TYL. Morgan Stanley increased its position in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after purchasing an additional 177,242 shares in the last quarter. Van ECK Associates Corp increased its position in Tyler Technologies by 12.0% during the 3rd quarter. Van ECK Associates Corp now owns 767,228 shares of the technology company’s stock worth $296,258,000 after purchasing an additional 82,128 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Tyler Technologies by 46.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 171,356 shares of the technology company’s stock worth $66,167,000 after purchasing an additional 54,560 shares in the last quarter. Invesco Ltd. increased its position in Tyler Technologies by 6.5% during the 3rd quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after purchasing an additional 52,798 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after acquiring an additional 52,140 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TYL shares. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a research report on Wednesday. Needham & Company LLC increased their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, DA Davidson raised their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $460.46.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,650 shares of Tyler Technologies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now directly owns 2,011 shares of the company’s stock, valued at $880,496.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 1,650 shares of Tyler Technologies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the transaction, the director now directly owns 2,011 shares in the company, valued at $880,496.24. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock worth $21,974,819 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Performance

Shares of TYL opened at $419.00 on Thursday. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. The business’s fifty day moving average price is $422.70 and its 200 day moving average price is $414.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $17.78 billion, a PE ratio of 107.71, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The business had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Equities research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

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.