Janus Henderson Group PLC Sells 45,610 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Janus Henderson Group PLC decreased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,556 shares of the technology company's stock after selling 45,610 shares during the quarter. Janus Henderson Group PLC owned approximately 1.22% of Tyler Technologies worth $300,176,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TYL. Hudson Way Capital Management LLC boosted its stake in Tyler Technologies by 2.1% in the fourth quarter. Hudson Way Capital Management LLC now owns 71,094 shares of the technology company's stock worth $40,996,000 after purchasing an additional 1,449 shares in the last quarter. Graham Capital Management L.P. boosted its stake in Tyler Technologies by 150.8% in the fourth quarter. Graham Capital Management L.P. now owns 7,213 shares of the technology company's stock worth $4,159,000 after purchasing an additional 4,337 shares in the last quarter. Focus Partners Wealth boosted its stake in Tyler Technologies by 56.7% in the fourth quarter. Focus Partners Wealth now owns 1,473 shares of the technology company's stock worth $849,000 after purchasing an additional 533 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in Tyler Technologies by 9.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 19,410 shares of the technology company's stock worth $11,193,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Ethic Inc. boosted its stake in Tyler Technologies by 1.3% in the fourth quarter. Ethic Inc. now owns 4,234 shares of the technology company's stock worth $2,441,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of the stock in a transaction dated Friday, May 2nd. The stock was 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 directly owns 2,853 shares in the company, valued at $1,569,150. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,462 shares of company stock worth $12,258,926 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. StockNews.com upgraded Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Truist Financial restated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Barclays dropped their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler dropped their target price on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $674.67.

Tyler Technologies Trading Up 0.7%

NYSE TYL traded up $4.13 on Friday, reaching $576.86. The company had a trading volume of 182,465 shares, compared to its average volume of 260,689. The stock's 50 day moving average is $561.21 and its 200-day moving average is $589.54. The stock has a market cap of $24.88 billion, a price-to-earnings ratio of 95.19, a PEG ratio of 4.93 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31.

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

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.