Tredje AP fonden Sells 108 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Tredje AP fonden lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,929 shares of the technology company’s stock after selling 108 shares during the quarter. Tredje AP fonden’s holdings in Tyler Technologies were worth $3,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TYL. Swedbank AB bought a new position in Tyler Technologies in the second quarter worth approximately $251,390,000. APG Asset Management US Inc. bought a new position in shares of Tyler Technologies in the 4th quarter worth $57,493,000. Janus Henderson Group PLC lifted its stake in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after purchasing an additional 70,801 shares during the last quarter. Quantum Capital Management LLC NJ boosted its position in Tyler Technologies by 179.4% during the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock valued at $45,799,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Tyler Technologies by 18.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TYL. Wells Fargo & Company boosted their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, July 25th. BTIG Research lifted their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson upped their price target on Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price objective (up previously from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $582.31.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,236,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel M. Pope sold 275 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. The disclosure for this sale can be found here. Insiders have sold 29,375 shares of company stock valued at $17,049,739 in the last ninety days. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.0 %

Tyler Technologies stock opened at $579.49 on Thursday. The business’s 50-day simple moving average is $568.26 and its two-hundred day simple moving average is $495.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $24.73 billion, a PE ratio of 131.11, a PEG ratio of 5.39 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $598.93.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Tyler Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that Tyler Technologies, Inc. will post 7.21 EPS for the current 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.