Swiss National Bank Increases Position in Tyler Technologies, Inc. (NYSE:TYL)

Swiss National Bank grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 126,100 shares of the technology company’s stock after purchasing an additional 900 shares during the period. Swiss National Bank’s holdings in Tyler Technologies were worth $73,607,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. APG Asset Management N.V. raised its stake in Tyler Technologies by 1.4% during 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 buying an additional 20,842 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after purchasing an additional 70,801 shares during the last quarter. Swedbank AB bought a new position in Tyler Technologies in the 2nd quarter worth about $251,390,000. Price T Rowe Associates Inc. MD grew its position in Tyler Technologies by 18.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TYL has been the topic of several analyst reports. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. Finally, Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,600 shares of company stock worth $16,412,595. 1.50% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

NYSE TYL opened at $599.39 on Wednesday. The business’s fifty day moving average is $594.10 and its 200 day moving average is $549.55. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $631.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $25.65 billion, a PE ratio of 109.38, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the previous year, the firm earned $1.66 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.39 earnings per share 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.