Gulf International Bank UK Ltd Lowers Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Tyler Technologies by 27.0%, owning 2,397 shares valued at approximately $1.39 million after selling 888 shares in the first quarter.
• Several hedge funds adjusted their positions in Tyler Technologies, with National Pension Service increasing its stake by 8.5%, now holding 67,632 shares worth about $39.32 million.
• Tyler Technologies' stock opened at $572.73 with a one-year low of $513.52 and a high of $661.31, while analysts predict an EPS of 8.52 for the current fiscal year.

Gulf International Bank UK Ltd lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,397 shares of the technology company's stock after selling 888 shares during the period. Gulf International Bank UK Ltd's holdings in Tyler Technologies were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TYL. GAMMA Investing LLC raised its holdings in shares of Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after acquiring an additional 876,960 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after acquiring an additional 148,762 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Tyler Technologies by 897.6% in the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock valued at $64,705,000 after acquiring an additional 100,962 shares in the last quarter. Nuveen LLC bought a new position in shares of Tyler Technologies during the 1st quarter valued at about $57,108,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tyler Technologies by 52.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock valued at $163,448,000 after purchasing an additional 97,718 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TYL. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler reduced their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, Barclays raised their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $568.66, for a total value of $2,274,640.00. Following the completion of the transaction, the insider owned 6,983 shares in the company, valued at $3,970,952.78. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 3,333 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 11,231 shares of the company's stock, valued at approximately $6,384,374.26. The trade was a 22.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,102 shares of company stock worth $16,303,524. 1.10% of the stock is owned by company insiders.

Tyler Technologies Trading Down 0.6%

NYSE TYL traded down $3.3650 on Wednesday, hitting $566.8950. The company's stock had a trading volume of 73,319 shares, compared to its average volume of 292,986. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The company's 50-day simple moving average is $576.44 and its 200 day simple moving average is $577.90. The firm has a market cap of $24.52 billion, a P/E ratio of 81.05, a PEG ratio of 4.36 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter last year, the business posted $2.40 EPS. The business's revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.