Lansforsakringar Fondforvaltning AB publ Sells 1,294 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Tyler Technologies by 9.0%, selling 1,294 shares and holding a total of 13,130 shares worth approximately $7.63 million at the end of the quarter.
• Despite this reduction, 93.30% of Tyler Technologies' stock is owned by institutional investors, indicating strong institutional interest in the company.
• Tyler Technologies reported earnings per share of $2.91 for the last quarter, exceeding analyst estimates and showing a 10.2% increase in revenue compared to the same period last year.

Lansforsakringar Fondforvaltning AB publ lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,130 shares of the technology company's stock after selling 1,294 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Tyler Technologies were worth $7,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TYL. Integrated Wealth Concepts LLC grew its position in shares of Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after acquiring an additional 18 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Tyler Technologies by 3.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 1,501 shares of the technology company's stock valued at $866,000 after acquiring an additional 54 shares during the period. Schonfeld Strategic Advisors LLC grew its position in shares of Tyler Technologies by 11.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,830 shares of the technology company's stock valued at $3,362,000 after acquiring an additional 618 shares during the period. Freestone Grove Partners LP bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $607,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $27,488,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

Tyler Technologies stock traded down $9.88 during midday trading on Tuesday, hitting $553.00. The company's stock had a trading volume of 280,266 shares, compared to its average volume of 296,595. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 79.00, a PEG ratio of 4.32 and a beta of 0.89. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The company has a 50-day moving average price of $572.30 and a two-hundred day moving average price of $573.86.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TYL. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Finally, Barclays lifted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $688.27.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares of the company's stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the sale, the insider directly owned 247 shares of the company's stock, valued at $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,019 shares of company stock worth $14,495,209. 1.10% of the stock is currently owned by company insiders.

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.