First Hawaiian Bank Sells 310 Shares of Tyler Technologies, Inc. (NYSE:TYL)

First Hawaiian Bank lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,553 shares of the technology company’s stock after selling 310 shares during the quarter. First Hawaiian Bank’s holdings in Tyler Technologies were worth $781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after acquiring an additional 53,005 shares during the last quarter. Principal Financial Group Inc. increased its position in Tyler Technologies by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock valued at $556,642,000 after purchasing an additional 41,485 shares during the period. Norges Bank acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $459,691,000. Franklin Resources Inc. boosted its holdings in shares of Tyler Technologies by 6.7% during the 4th quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock worth $434,987,000 after buying an additional 64,889 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Tyler Technologies by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock worth $392,259,000 after buying an additional 54,926 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.2 %

Shares of NYSE:TYL traded down $6.80 during trading on Monday, reaching $569.01. 294,013 shares of the company traded hands, compared to its average volume of 227,963. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 128.33, a P/E/G ratio of 5.25 and a beta of 0.76. The business’s fifty day moving average is $507.27 and its 200-day moving average is $462.60. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $593.50.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The company had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the sale, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,845 shares of company stock worth $9,118,667. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Oppenheimer raised their target price on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. BTIG Research lifted their price objective on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson lifted their price objective on Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, JMP Securities lifted their price objective on Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $582.31.

Tyler Technologies Company 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.