Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,214 shares of the technology company’s stock after purchasing an additional 46 shares during the period. Vontobel Holding Ltd.’s holdings in Tyler Technologies were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Tyler Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after purchasing an additional 53,005 shares during the period. APG Asset Management N.V. increased its holdings in Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after buying an additional 20,842 shares in the last quarter. Van ECK Associates Corp increased its holdings in Tyler Technologies by 6.3% in the first 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 in the last quarter. Janus Henderson Group PLC increased its holdings in Tyler Technologies by 15.3% in the first 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 in the last quarter. Finally, Swedbank AB purchased a new position in Tyler Technologies in the second quarter valued at $251,390,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.0 %

TYL stock opened at $588.43 on Monday. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $606.93. The stock has a market capitalization of $24.98 billion, a PE ratio of 133.13, a price-to-earnings-growth ratio of 5.55 and a beta of 0.78. 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 fifty day moving average of $583.57 and a 200-day moving average of $521.95.

Tyler Technologies (NYSE:TYL) last released its earnings results 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 company had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. During the same quarter last year, the business earned $1.53 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $577.00 to $700.00 in a research note on Monday, October 7th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. 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 note on Monday, July 22nd. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective (up previously from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Finally, Piper Sandler upped their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $593.69.

Insider Activity at Tyler Technologies

In other news, Director Daniel M. Pope sold 275 shares of Tyler Technologies stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the completion of the sale, the director now directly owns 3,218 shares in the company, valued at $1,860,840.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the sale, the director now directly owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,375 shares of company stock worth $17,049,739 over the last 90 days. Company insiders own 2.20% of the company’s stock.

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.