OMERS ADMINISTRATION Corp Sells 498 Shares of Tyler Technologies, Inc. (NYSE:TYL)

OMERS ADMINISTRATION Corp reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,763 shares of the technology company's stock after selling 498 shares during the period. OMERS ADMINISTRATION Corp's holdings in Tyler Technologies were worth $1,017,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Adage Capital Partners GP L.L.C. grew its stake in shares of Tyler Technologies by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after purchasing an additional 7,300 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. Barclays PLC boosted its holdings in Tyler Technologies by 2.5% in the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after acquiring an additional 2,169 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Tyler Technologies by 1.7% in the fourth quarter. Swedbank AB now owns 459,850 shares of the technology company's stock valued at $265,168,000 after acquiring an additional 7,838 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.1%

Shares of TYL stock traded up $0.63 during mid-day trading on Tuesday, hitting $574.72. The company's stock had a trading volume of 193,231 shares, compared to its average volume of 260,074. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The business has a 50-day moving average price of $561.32 and a 200 day moving average price of $589.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 94.84, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. Research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of several recent analyst reports. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Truist Financial restated a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Barclays lowered their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $674.67.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,322,477. The trade was a 46.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,962 shares of company stock worth $13,702,451. 1.10% of the stock is owned by insiders.

Tyler Technologies Company 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.