Handelsbanken Fonder AB Purchases 13,200 Shares of Tyler Technologies, Inc. $TYL

Handelsbanken Fonder AB grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 268,051 shares of the technology company’s stock after buying an additional 13,200 shares during the quarter. Tyler Technologies makes up approximately 0.6% of Handelsbanken Fonder AB’s portfolio, making the stock its 27th largest position. Handelsbanken Fonder AB’s holdings in Tyler Technologies were worth $158,911,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC increased its position in Tyler Technologies by 1.1% during the first quarter. Private Advisor Group LLC now owns 2,887 shares of the technology company’s stock worth $1,678,000 after acquiring an additional 30 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of Tyler Technologies during the 1st quarter worth approximately $358,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Tyler Technologies by 3.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,258 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 96 shares during the period. HighPoint Advisor Group LLC raised its position in shares of Tyler Technologies by 10.9% in the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company’s stock valued at $380,000 after buying an additional 70 shares in the last quarter. Finally, Choreo LLC raised its position in shares of Tyler Technologies by 8.5% in the first quarter. Choreo LLC now owns 702 shares of the technology company’s stock valued at $408,000 after buying an additional 55 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TYL. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Robert W. Baird set a $660.00 target price on Tyler Technologies in a report on Friday, October 31st. Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. DA Davidson cut their price objective on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $660.09.

Insider Activity

In other news, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider owned 6,983 shares of the company’s stock, valued at $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director 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 position. The SEC filing for this sale provides additional information. Insiders sold 9,000 shares of company stock valued at $5,007,328 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $466.06 on Friday. The company’s 50 day moving average price is $499.78 and its two-hundred day moving average price is $546.35. The firm has a market capitalization of $20.05 billion, a P/E ratio of 64.82, a P/E/G ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a fifty-two week low of $450.00 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The company had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the prior year, the business earned $2.52 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.