Pictet Asset Management SA Sells 160 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Pictet Asset Management SA decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYLGet Rating) by 0.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,885 shares of the technology company’s stock after selling 160 shares during the period. Pictet Asset Management SA’s holdings in Tyler Technologies were worth $5,614,000 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. Vanguard Group Inc. grew its holdings in shares of Tyler Technologies by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,603,034 shares of the technology company’s stock worth $2,047,844,000 after purchasing an additional 66,211 shares in the last quarter. BlackRock Inc. grew its stake in Tyler Technologies by 0.8% in the 1st quarter. BlackRock Inc. now owns 4,278,185 shares of the technology company’s stock worth $1,903,323,000 after buying an additional 35,064 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Tyler Technologies by 15.3% in the 1st quarter. Invesco Ltd. now owns 762,769 shares of the technology company’s stock worth $339,347,000 after buying an additional 101,365 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 2.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 544,039 shares of the technology company’s stock valued at $242,037,000 after buying an additional 13,395 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Tyler Technologies by 21.6% during the 2nd quarter. Van ECK Associates Corp now owns 483,237 shares of the technology company’s stock worth $160,666,000 after acquiring an additional 85,684 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $321.73, for a total transaction of $804,325.00. Following the transaction, the chief financial officer now owns 24,150 shares in the company, valued at approximately $7,769,779.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Jeffrey David Puckett sold 3,906 shares of Tyler Technologies stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $390.15, for a total value of $1,523,925.90. Following the sale, the chief operating officer now owns 3,569 shares in the company, valued at $1,392,445.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $321.73, for a total transaction of $804,325.00. Following the completion of the transaction, the chief financial officer now owns 24,150 shares of the company’s stock, valued at $7,769,779.50. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler increased their target price on Tyler Technologies from $405.00 to $468.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. StockNews.com initiated coverage on Tyler Technologies in a report on Wednesday, October 12th. They set a “hold” rating on the stock. DA Davidson cut their target price on Tyler Technologies from $460.00 to $420.00 in a research note on Monday, October 17th. The Goldman Sachs Group initiated coverage on shares of Tyler Technologies in a research note on Thursday, November 10th. They set a “neutral” rating and a $322.00 price target on the stock. Finally, Truist Financial cut their price objective on shares of Tyler Technologies from $500.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $446.08.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $313.45 on Friday. The company’s fifty day simple moving average is $335.59 and its two-hundred day simple moving average is $352.13. Tyler Technologies, Inc. has a 12-month low of $281.11 and a 12-month high of $549.99. The firm has a market cap of $13.05 billion, a PE ratio of 70.76 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.41.

Tyler Technologies Company Profile

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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