American International Group Inc. Increases Stake in Tyler Technologies, Inc. (NYSE:TYL)

American International Group Inc. grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,875 shares of the technology company’s stock after purchasing an additional 254 shares during the quarter. American International Group Inc.’s holdings in Tyler Technologies were worth $5,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after buying an additional 52,140 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Tyler Technologies by 26.8% in the fourth quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after buying an additional 2,951 shares in the last quarter. APG Asset Management US Inc. purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $57,493,000. Raymond James Trust N.A. raised its holdings in Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after acquiring an additional 71 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the transaction, the director now owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the completion of the sale, the chief financial officer now owns 13,536 shares in the company, valued at $6,294,646.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,241 shares of company stock valued at $12,495,890. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $560.00 price objective (up from $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd. Needham & Company LLC lifted their target price on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Loop Capital increased their price target on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Oppenheimer raised their price target on Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Robert W. Baird upped their price objective on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $519.09.

Tyler Technologies Stock Performance

TYL opened at $489.14 on Friday. The company has a 50 day simple moving average of $467.47 and a two-hundred day simple moving average of $438.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $20.77 billion, a P/E ratio of 110.67, a PEG ratio of 4.50 and a beta of 0.74. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $500.49.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Equities analysts forecast that Tyler Technologies, Inc. will post 7.1 earnings per share for the current fiscal year.

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.