Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,085 shares of the technology company’s stock after acquiring an additional 101 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.19% of Tyler Technologies worth $40,768,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after buying an additional 53,005 shares during the period. Principal Financial Group Inc. increased its stake in Tyler Technologies by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock valued at $556,642,000 after buying an additional 41,485 shares during the period. Van ECK Associates Corp increased its stake in Tyler Technologies by 6.3% in the 1st quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock valued at $392,259,000 after buying an additional 54,926 shares during the period. Janus Henderson Group PLC increased its stake in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after buying an additional 70,801 shares during the period. Finally, Swedbank AB acquired a new position in Tyler Technologies in the 2nd quarter valued at $251,390,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $44,323,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the transaction, the director now owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,375 shares of company stock worth $17,049,739. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $580.13 on Friday. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $598.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $569.57 and its 200 day simple moving average is $496.52. The firm has a market capitalization of $24.75 billion, a PE ratio of 131.25, a P/E/G ratio of 5.42 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same period in the previous year, the firm earned $1.53 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Oppenheimer boosted their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, July 25th. JMP Securities boosted their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research report on Monday, July 22nd. Finally, Barclays boosted their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $582.31.

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.