Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,646 shares of the technology company’s stock after selling 2,723 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Tyler Technologies worth $42,082,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Tyler Technologies by 13.1% during the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after purchasing an additional 154 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after buying an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after buying an additional 340 shares during the last quarter. Raymond James Trust N.A. grew its position in Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after buying an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after buying an additional 934 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,738,048. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $421.27, for a total transaction of $1,053,175.00. Following the transaction, the chief financial officer now directly owns 16,160 shares in the company, valued at $6,807,723.20. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $403.35 on Friday. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 103.69, a P/E/G ratio of 3.97 and a beta of 0.81. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $454.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $423.44 and a 200 day simple moving average of $413.63.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. DA Davidson raised their price objective on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Piper Sandler lifted their price target on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Needham & Company LLC upped their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, JMP Securities restated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $460.46.

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.