2Xideas AG Has $6.61 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

2Xideas AG trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,454 shares of the technology company's stock after selling 3,809 shares during the period. 2Xideas AG's holdings in Tyler Technologies were worth $6,605,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its holdings in shares of Tyler Technologies by 3.0% in the 4th quarter. Federated Hermes Inc. now owns 218,574 shares of the technology company's stock worth $126,039,000 after purchasing an additional 6,368 shares during the last quarter. Aviva PLC boosted its position in Tyler Technologies by 482.0% in the fourth quarter. Aviva PLC now owns 25,672 shares of the technology company's stock valued at $14,804,000 after buying an additional 21,261 shares in the last quarter. Oarsman Capital Inc. grew its stake in Tyler Technologies by 1.5% during the fourth quarter. Oarsman Capital Inc. now owns 4,008 shares of the technology company's stock worth $2,311,000 after buying an additional 58 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $10,184,000. Finally, Wells Fargo & Company MN raised its stake in shares of Tyler Technologies by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 108,107 shares of the technology company's stock valued at $62,339,000 after acquiring an additional 19,858 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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Tyler Technologies Trading Up 1.7 %

TYL stock traded up $9.47 during midday trading on Friday, reaching $567.06. The company's stock had a trading volume of 88,838 shares, compared to its average volume of 252,948. The business's 50-day simple moving average is $590.89 and its 200-day simple moving average is $595.57. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The stock has a market cap of $24.44 billion, a PE ratio of 93.04, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TYL shares. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Barclays raised their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $676.25.

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.