Great West Life Assurance Co. Can raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,437 shares of the technology company’s stock after purchasing an additional 4,301 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Tyler Technologies were worth $4,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $33,000. Cutler Group LP bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $37,000. Meeder Asset Management Inc. bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $79,000. Ffcm LLC bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $138,000. Finally, First Republic Investment Management Inc. bought a new stake in Tyler Technologies in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

In other news, Director Dustin R. Womble sold 3,676 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $206.87, for a total value of $760,454.12. Following the transaction, the director now owns 181,798 shares of the company’s stock, valued at $37,608,552.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $200.84, for a total value of $6,025,200.00. The disclosure for this sale can be found here. Insiders sold 43,676 shares of company stock worth $8,798,254 in the last ninety days. 4.70% of the stock is owned by company insiders.

Tyler Technologies stock opened at $202.39 on Friday. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $252.47. The company has a market capitalization of $7.75 billion, a PE ratio of 54.11, a PEG ratio of 4.83 and a beta of 0.92.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 20th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.97 by $0.29. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. The company had revenue of $242.00 million for the quarter, compared to the consensus estimate of $244.65 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Sell-side analysts expect that Tyler Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Several analysts have issued reports on TYL shares. DA Davidson upgraded Tyler Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. ValuEngine lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Northland Securities restated a “buy” rating and issued a $240.00 price objective on shares of Tyler Technologies in a research note on Friday, February 22nd. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research note on Thursday, February 21st. Finally, Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $238.56.

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Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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