Swiss National Bank Cuts Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Swiss National Bank trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,600 shares of the technology company's stock after selling 3,300 shares during the quarter. Swiss National Bank owned approximately 0.31% of Tyler Technologies worth $55,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TYL. Morgan Stanley lifted its holdings in shares of Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company's stock worth $392,208,000 after buying an additional 177,242 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 13.1% in the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company's stock worth $362,935,000 after purchasing an additional 100,788 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Tyler Technologies by 46.7% in the third quarter. Envestnet Asset Management Inc. now owns 171,356 shares of the technology company's stock worth $66,167,000 after purchasing an additional 54,560 shares during the last quarter. Invesco Ltd. increased its position in shares of Tyler Technologies by 6.5% in the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company's stock worth $332,439,000 after purchasing an additional 52,798 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company's stock worth $21,853,000 after purchasing an additional 52,140 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Up 1.1 %

Shares of Tyler Technologies stock traded up $5.36 on Tuesday, hitting $481.38. The stock had a trading volume of 279,832 shares, compared to its average volume of 215,088. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $483.83. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 108.91, a PEG ratio of 4.38 and a beta of 0.76. The stock's 50-day simple moving average is $427.32 and its two-hundred day simple moving average is $419.98.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The firm had revenue of $480.94 million for the quarter, compared to analysts' expectations of $483.34 million. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Robert W. Baird upped their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Piper Sandler restated an "overweight" rating and issued a $520.00 price objective on shares of Tyler Technologies in a research report on Wednesday, April 24th. JMP Securities reiterated a "market outperform" rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Finally, Oppenheimer increased their price target on shares of Tyler Technologies from $480.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $492.22.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares of the company's stock, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares of the company's stock, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda A. Cline sold 5,000 shares of the firm's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares of the company's stock, valued at approximately $623,091.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,279 shares of company stock worth $25,511,064. Insiders own 1.50% of the company's stock.

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.