Tredje AP fonden Sells 3,464 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Tredje AP fonden lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,465 shares of the technology company's stock after selling 3,464 shares during the period. Tredje AP fonden's holdings in Tyler Technologies were worth $1,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter valued at approximately $32,000. OFI Invest Asset Management bought a new position in Tyler Technologies in the 4th quarter valued at approximately $41,000. Finally, Smithfield Trust Co lifted its position in Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 over the last 90 days. Corporate insiders own 2.20% of the company's stock.

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Analyst Ratings Changes

TYL has been the topic of several analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Truist Financial reissued 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 reissued a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, Barclays increased their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $3.73 during trading on Wednesday, reaching $578.40. 238,592 shares of the stock traded hands, compared to its average volume of 239,799. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 95.44, a P/E/G ratio of 4.93 and a beta of 0.80. The business has a fifty day simple moving average of $598.80 and a two-hundred day simple moving average of $598.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31.

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

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.