Janus Henderson Group PLC Sells 34,255 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Janus Henderson Group PLC lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 566,166 shares of the technology company's stock after selling 34,255 shares during the quarter. Janus Henderson Group PLC owned 1.32% of Tyler Technologies worth $330,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. SG Americas Securities LLC lifted its position in shares of Tyler Technologies by 18.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company's stock worth $4,081,000 after buying an additional 1,255 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Tyler Technologies during the third quarter worth $1,309,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Tyler Technologies by 21.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 123,253 shares of the technology company's stock worth $61,969,000 after purchasing an additional 21,818 shares during the period. Swedbank AB acquired a new position in Tyler Technologies in the second quarter valued at about $251,390,000. Finally, Maiden Cove Capital LLC acquired a new position in Tyler Technologies in the third quarter valued at about $583,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value 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 $1,546,140.78. The trade was a 55.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,350 shares of company stock valued at $24,361,172. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TYL. Barclays boosted their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Truist Financial restated a "buy" rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Oppenheimer boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. The Goldman Sachs Group restated a "buy" rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Finally, Needham & Company LLC upped their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Tyler Technologies Price Performance

NYSE:TYL traded up $12.84 during trading hours on Wednesday, reaching $635.69. 188,013 shares of the company were exchanged, compared to its average volume of 234,628. The company has a market capitalization of $27.21 billion, a P/E ratio of 116.00, a P/E/G ratio of 5.66 and a beta of 0.76. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $637.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day moving average of $602.85 and a 200 day moving average of $559.72.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

About Tyler Technologies

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.