Seilern Investment Management Ltd Has $68.56 Million Position in Tyler Technologies, Inc. $TYL

Seilern Investment Management Ltd grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,024 shares of the technology company’s stock after acquiring an additional 14,490 shares during the quarter. Tyler Technologies accounts for 5.3% of Seilern Investment Management Ltd’s holdings, making the stock its 12th biggest position. Seilern Investment Management Ltd owned 0.35% of Tyler Technologies worth $68,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of TYL. Cerity Partners LLC boosted its stake in Tyler Technologies by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after acquiring an additional 19 shares during the last quarter. Signaturefd LLC increased its stake in Tyler Technologies by 3.9% in the third quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock valued at $321,000 after purchasing an additional 23 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Tyler Technologies by 5.8% in the third quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock worth $228,000 after purchasing an additional 24 shares during the period. Finally, CWM LLC boosted its position in shares of Tyler Technologies by 4.0% during the third quarter. CWM LLC now owns 647 shares of the technology company’s stock worth $339,000 after purchasing an additional 25 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the transaction, the director owned 2,871 shares of the company’s stock, valued at approximately $1,020,353.40. The trade was a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,298 shares of company stock worth $2,658,721. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Down 0.3%

Tyler Technologies stock opened at $349.27 on Tuesday. The company has a 50 day moving average of $366.26 and a 200-day moving average of $443.68. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34. The stock has a market capitalization of $15.02 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The company had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.43 earnings per share. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TYL. Needham & Company LLC reissued a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, February 3rd. Robert W. Baird set a $440.00 price objective on Tyler Technologies in a research note on Friday, February 13th. TD Cowen reduced their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. BTIG Research decreased their target price on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Barclays lowered their price target on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $467.54.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.