Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,465 shares of the technology company’s stock after selling 3,464 shares during the period. Tredje AP fonden’s holdings in Tyler Technologies were worth $1,998,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TYL. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies in the third quarter valued at $27,000. Entropy Technologies LP purchased a new stake in shares of Tyler Technologies during the 3rd quarter worth $463,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Tyler Technologies by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock worth $55,914,000 after purchasing an additional 1,258 shares during the last quarter. Haverford Trust Co lifted its position in shares of Tyler Technologies by 7.7% during the 3rd quarter. Haverford Trust Co now owns 1,437 shares of the technology company’s stock worth $839,000 after purchasing an additional 103 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Tyler Technologies by 30.7% during the 3rd quarter. KBC Group NV now owns 15,540 shares of the technology company’s stock worth $9,071,000 after purchasing an additional 3,646 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on TYL. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. The Goldman Sachs Group boosted 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 reissued a “buy” rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Trading Up 1.9 %

NYSE TYL opened at $563.81 on Friday. 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 firm has a market cap of $24.25 billion, a PE ratio of 93.04, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The firm’s fifty day moving average is $598.95 and its two-hundred day moving average is $598.28.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share 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.