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 position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 362,450 shares of the technology company's stock after selling 97,400 shares during the period. Swedbank AB owned approximately 0.84% of Tyler Technologies worth $210,725,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TYL. Focus Partners Wealth increased its holdings in shares of Tyler Technologies by 56.7% in the 4th quarter. Focus Partners Wealth now owns 1,473 shares of the technology company's stock worth $849,000 after acquiring an additional 533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tyler Technologies by 186.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,122 shares of the technology company's stock valued at $7,009,000 after buying an additional 7,884 shares during the period. Nomura Holdings Inc. acquired a new position in Tyler Technologies during the 4th quarter valued at about $1,190,000. Nissay Asset Management Corp Japan ADV increased its stake in Tyler Technologies by 2.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 5,178 shares of the technology company's stock valued at $3,040,000 after buying an additional 107 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new position in Tyler Technologies during the 4th quarter valued at about $364,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,750 shares of company stock worth $10,744,318. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TYL shares. Barclays raised their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price on the stock. Finally, DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Stock Performance

TYL stock traded up $6.89 during mid-day trading on Wednesday, hitting $541.56. 101,846 shares of the company were exchanged, compared to its average volume of 291,739. The firm has a market cap of $23.43 billion, a P/E ratio of 77.26, a P/E/G ratio of 4.14 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 firm's 50 day simple moving average is $565.15 and its 200 day simple moving average is $568.87.

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 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 period last year, the business earned $2.40 earnings per share. The firm'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, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

About Tyler Technologies

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.