Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.74 Million Position in Tyler Technologies, Inc. $TYL

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Tyler Technologies by 22.4%, now owning 20,200 shares valued at approximately $11.7 million.
• Recent analyst reports show a mix of ratings and price target adjustments for Tyler Technologies, with current consensus rating being a Moderate Buy and a price target of $688.27.
• Insider sales included CEO H Lynn Moore, Jr. selling 5,250 shares, totaling over $3 million, indicating a decrease in ownership by company insiders in recent months.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,200 shares of the technology company's stock after acquiring an additional 3,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Tyler Technologies were worth $11,744,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $338,000. Sterling Capital Management LLC grew its position in Tyler Technologies by 7.0% in the fourth quarter. Sterling Capital Management LLC now owns 962 shares of the technology company's stock worth $555,000 after buying an additional 63 shares during the last quarter. XTX Topco Ltd boosted its stake in Tyler Technologies by 50.9% in the 4th quarter. XTX Topco Ltd now owns 1,059 shares of the technology company's stock worth $611,000 after purchasing an additional 357 shares during the period. Wasatch Advisors LP boosted its stake in Tyler Technologies by 3.0% in the 4th quarter. Wasatch Advisors LP now owns 2,154 shares of the technology company's stock worth $1,242,000 after purchasing an additional 62 shares during the period. Finally, Marshall Wace LLP boosted its stake in Tyler Technologies by 897.6% in the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock worth $64,705,000 after purchasing an additional 100,962 shares during the period. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Down 0.1%

NYSE TYL traded down $0.51 during trading hours on Friday, hitting $572.73. The company's stock had a trading volume of 279,040 shares, compared to its average volume of 389,719. The stock has a fifty day moving average of $577.04 and a 200 day moving average of $578.20. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The firm has a market capitalization of $24.78 billion, a P/E ratio of 81.82, a PEG ratio of 4.39 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter in the prior year, the company posted $2.40 earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 3,333 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer directly owned 11,231 shares of the company's stock, valued at $6,384,374.26. This represents a 22.89% decrease in their ownership of the stock. 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 5,250 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,102 shares of company stock valued at $16,303,524 over the last three months. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TYL shares. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Piper Sandler reduced their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Robert W. Baird reduced their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies 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.