Tyler Technologies, Inc. (NYSE:TYL) Position Trimmed by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 34.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,026 shares of the technology company’s stock after selling 532 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Tyler Technologies were worth $436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TYL. Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 2.0% in the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after buying an additional 29 shares in the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors grew its stake in shares of Tyler Technologies by 0.8% in the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after buying an additional 30 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of Tyler Technologies by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock valued at $5,035,000 after buying an additional 31 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Tyler Technologies by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after buying an additional 33 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Tyler Technologies by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock valued at $4,585,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $3,374,255.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the transaction, the director now owns 1,358 shares in the company, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock worth $12,495,890 over the last three months. Company insiders own 1.50% of the company’s stock.

Tyler Technologies Stock Down 0.2 %

Shares of TYL stock opened at $507.92 on Thursday. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $519.44. The firm has a market cap of $21.57 billion, a PE ratio of 114.91, a price-to-earnings-growth ratio of 4.78 and a beta of 0.76. The stock has a 50 day moving average of $481.96 and a 200-day moving average of $443.58. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The business had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities analysts predict that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on TYL. Loop Capital boosted their price target on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Oppenheimer boosted their price target on Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Truist Financial reaffirmed a “buy” rating and set a $560.00 target price (up previously from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. BTIG Research upped their target price on Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $519.09.

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.