Handelsbanken Fonder AB Has $139.45 Million Holdings in Tyler Technologies, Inc. $TYL

Handelsbanken Fonder AB lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 266,551 shares of the technology company’s stock after selling 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in Tyler Technologies were worth $139,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Tyler Technologies in the 3rd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the first quarter worth $38,000. Geneos Wealth Management Inc. boosted its holdings in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Tyler Technologies in the third quarter valued at $49,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. BTIG Research lowered their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Robert W. Baird set a $440.00 price objective on Tyler Technologies in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $467.54.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $325.08 per share, for a total transaction of $198,298.80. Following the purchase, the insider owned 1,123 shares in the company, valued at $365,064.84. The trade was a 118.91% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 2,500 shares of company stock worth $1,136,525. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 5.4%

Shares of NYSE TYL opened at $353.21 on Friday. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $626.56. The stock has a 50 day moving average of $399.55 and a 200-day moving average of $469.91. The company has a market capitalization of $15.18 billion, a P/E ratio of 49.06, a P/E/G ratio of 2.24 and a beta of 0.91.

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

Tyler Technologies Company 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.