Swedbank AB Sells 97,400 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Swedbank AB has decreased its stake in Tyler Technologies, Inc. by 21.2%, owning approximately 0.84% of the company, valued at around $210.7 million after selling 97,400 shares in the first quarter.
• In the first quarter, various hedge funds adjusted their holdings in Tyler Technologies, with significant changes including a 4.6% increase from Inspire Investing LLC and a notable 137.9% increase from Geneos Wealth Management Inc.
• Despite a recent downgrade by Wall Street Zen, Tyler Technologies maintains a consensus rating of "Moderate Buy" from analysts, with an average target price of $688.27.

Swedbank AB lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,450 shares of the technology company's stock after selling 97,400 shares during the quarter. Swedbank AB owned about 0.84% of Tyler Technologies worth $210,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in Tyler Technologies in the first quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies in the 1st quarter valued at $38,000. Finally, Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the 1st quarter valued at $38,000. 93.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Trading Down 0.9%

Shares of NYSE:TYL traded down $4.83 during midday trading on Monday, reaching $540.16. The company had a trading volume of 400,268 shares, compared to its average volume of 264,966. The stock has a market cap of $23.37 billion, a P/E ratio of 77.17, a P/E/G ratio of 4.18 and a beta of 0.89. The company's 50 day moving average price is $566.19 and its 200 day moving average price is $569.11. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. During the same period in the previous year, the company earned $2.40 earnings per share. The company's quarterly 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. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the 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 owned 81,775 shares of the company's stock, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,750 shares of company stock valued at $10,744,318. 1.10% of the stock is owned by corporate 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.