Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Holocene Advisors LP

Holocene Advisors LP cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 50.5% during the third quarter, Holdings Channel reports. The institutional investor owned 348,653 shares of the technology company’s stock after selling 356,189 shares during the quarter. Holocene Advisors LP’s holdings in Tyler Technologies were worth $203,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. APG Asset Management N.V. lifted its holdings in Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after acquiring an additional 20,842 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Swedbank AB acquired a new stake in shares of Tyler Technologies in the second quarter valued at about $251,390,000. International Assets Investment Management LLC boosted its holdings in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after buying an additional 307,498 shares in the last quarter. Finally, EULAV Asset Management boosted its holdings in Tyler Technologies by 3.0% during the third quarter. EULAV Asset Management now owns 228,984 shares of the technology company’s stock worth $133,663,000 after buying an additional 6,601 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 of the company’s stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,100 shares of company stock worth $22,309,090. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Oppenheimer lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Piper Sandler boosted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $629.17 on Monday. The company has a market cap of $26.93 billion, a P/E ratio of 114.81, a P/E/G ratio of 5.70 and a beta of 0.77. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $600.16 and a 200-day simple moving average of $557.28.

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

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.