Swedbank AB Sells 50,000 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Swedbank AB has reduced its stake in Tyler Technologies by 13.8%, now owning 312,450 shares worth $185.23 million following the sale of 50,000 shares.
• Wall Street analysts have mixed ratings for Tyler Technologies, with an average target price of $688.27 and eight analysts rating it as a Buy.
• Tyler Technologies reported $2.91 EPS for the last quarter, exceeding expectations, with a year-over-year revenue increase of 10.2%.

Swedbank AB cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,450 shares of the technology company's stock after selling 50,000 shares during the quarter. Swedbank AB owned approximately 0.72% of Tyler Technologies worth $185,233,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies in the first quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Tyler Technologies by 820.0% in 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 in the last quarter. Cornerstone Planning Group LLC grew its stake in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after acquiring an additional 42 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the first quarter valued at approximately $38,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $2.51 during trading on Monday, hitting $536.83. The company's stock had a trading volume of 277,705 shares, compared to its average volume of 309,662. The company has a 50-day moving average of $562.79 and a 200-day moving average of $566.49. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of 76.69, a P/E/G ratio of 4.10 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective 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. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

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.