Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 75.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,982 shares of the technology company’s stock after selling 75,154 shares during the period. C WorldWide Group Holding A S owned approximately 0.06% of Tyler Technologies worth $13,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Oak Thistle LLC increased its position in Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after buying an additional 1,586 shares in the last quarter. Aigen Investment Management LP acquired a new position in Tyler Technologies during the 3rd quarter valued at about $1,309,000. Maiden Cove Capital LLC acquired a new position in Tyler Technologies during the 3rd quarter valued at about $583,000. Assetmark Inc. increased its position in Tyler Technologies by 9.4% during the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after buying an additional 854 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Tyler Technologies during the 3rd quarter valued at about $569,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on TYL shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Piper Sandler boosted their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group boosted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Truist Financial reiterated a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Stock Down 2.4 %

Shares of TYL opened at $614.89 on Monday. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $26.45 billion, a price-to-earnings ratio of 101.47, a PEG ratio of 4.93 and a beta of 0.78. The stock’s 50-day moving average price is $597.53 and its 200-day moving average price is $596.70.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,502 shares of company stock worth $11,577,448. 2.20% of the stock is owned by corporate insiders.

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.