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Handelsinvest Investeringsforvaltning sold shares of Tyler Technologies, Inc. (NYSE:TYL)


Handelsinvest Investeringsforvaltning reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 34.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,026 shares of the technology company’s stock after selling 532 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Tyler Technologies were worth $436,000, according to its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after buying an additional 52,140 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Tyler Technologies by 26.8% in the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after buying an additional 2,951 shares in the last quarter. APG Asset Management US Inc. acquired a new position in shares of Tyler Technologies in the 4th quarter valued at about $57,493,000. Nordea Investment Management AB increased its holdings in shares of Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 115 shares in the last quarter. Finally, Raymond James Trust NA increased its holdings in shares of Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust NA now owns 1,515 shares of the technology company’s stock valued at $633,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Changes in analyst ratings

TYL has been the subject of a number of research analyst reports. Oppenheimer increased their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Loop Capital increased their price target on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Truist Financial reiterated a “buy” rating and gave a $560.00 price target (previously $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd. Robert W. Baird increased their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, BTIG Research raised their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 22. Three investment analysts have rated the stock with a “hold” rating and nine have given a “buy” rating. The company has a consensus rating of “Moderate Buy” and a consensus price target of $519.09, according to data from MarketBeat.

Read our latest stock analysis on TYL

Tyler Technologies down 0.2%

TYL opened at $507.92 on Thursday. The company has a market cap of $21.57 billion, a P/E ratio of 114.91, a PEG ratio of 4.78 and a beta of 0.76. The company’s 50-day moving average is $481.96 and its 200-day moving average is $443.58. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $519.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings results on Wednesday, April 24. The technology company reported earnings per share (EPS) of $1.74 for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The company had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Analysts expect Tyler Technologies, Inc. to report earnings per share of $7.1 for the current fiscal year.

Insider buying and selling

In related news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock on Monday, April 29. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock on Monday, April 29. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock on Tuesday, May 14. The shares were sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The disclosure for this sale can be found here. During the last quarter, insiders sold 26,241 shares of the company’s stock, valued at $12,495,890. Insiders own 1.50% of the company’s stock.

About Tyler Technologies

(Free report)

Tyler Technologies, Inc. provides integrated information management solutions and services to the public sector. The company operates in two segments: Enterprise Software and Platform Technologies. The company provides platform and transformative technology solutions, including cybersecurity for government agencies, data and insights solutions, digital solutions that help workers and policymakers share, communicate and use data, payment solutions such as invoicing, presentment, merchant onboarding, collections, reconciliation and disbursements, platform technologies, an application development platform that enables government employees to build solutions and applications, and outdoor recreation solutions, including campground reservations, activity registrations, license sales and renewals, and real-time data for conservation and park management.

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Institutional ownership by quarter for Tyler Technologies (NYSE:TYL)



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