Seilern Investment Management Ltd Has $87.02 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Seilern Investment Management Ltd cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,681 shares of the technology company's stock after selling 33,361 shares during the period. Tyler Technologies accounts for 5.7% of Seilern Investment Management Ltd's investment portfolio, making the stock its 10th biggest position. Seilern Investment Management Ltd owned approximately 0.35% of Tyler Technologies worth $87,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies in the first quarter worth $26,000. Larson Financial Group LLC boosted its stake in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the period. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the 4th quarter worth about $40,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 0.6%

Shares of TYL stock opened at $577.12 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $560.75 and a two-hundred day moving average price of $585.82. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. The firm has a market cap of $24.89 billion, a P/E ratio of 95.23, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $558.86, for a total value of $2,794,300.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now owns 2,853 shares of the company's stock, valued at $1,569,150. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,231 shares of company stock worth $9,183,738. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TYL. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Barclays cut their price target on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Truist Financial reissued a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, DA Davidson decreased their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $680.50.

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.

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