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

Swiss National Bank reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,600 shares of the technology company’s stock after selling 3,300 shares during the period. Swiss National Bank owned about 0.31% of Tyler Technologies worth $55,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $31,000. Headlands Technologies LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $40,000. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after buying an additional 39 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Tyler Technologies during the fourth quarter worth about $52,000. Finally, Column Capital Advisors LLC increased its stake in shares of Tyler Technologies by 50.5% during the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after buying an additional 49 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now owns 1,358 shares in the company, valued at approximately $623,091.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,608 shares of company stock worth $24,268,969. Insiders own 1.50% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $476.02 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $477.86. The company has a 50-day simple moving average of $426.42 and a 200-day simple moving average of $419.18. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 107.70, a PEG ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. On average, analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Analysts Set New Price Targets

TYL has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Thursday, April 25th. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. DA Davidson increased their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Oppenheimer boosted their target price on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $492.22.

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.