292 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by S Bank Fund Management Ltd

S Bank Fund Management Ltd purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 292 shares of the technology company’s stock, valued at approximately $170,000.

Several other institutional investors have also recently added to or reduced their stakes in TYL. Cerity Partners LLC lifted its stake in Tyler Technologies by 13.1% in the fourth quarter. Cerity Partners LLC now owns 4,350 shares of the technology company’s stock valued at $2,528,000 after buying an additional 503 shares during the period. Advisory Services Network LLC acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $338,000. Sterling Capital Management LLC lifted its stake in Tyler Technologies by 7.0% in the fourth quarter. Sterling Capital Management LLC now owns 962 shares of the technology company’s stock valued at $555,000 after buying an additional 63 shares during the period. XTX Topco Ltd lifted its stake in Tyler Technologies by 50.9% in the fourth quarter. XTX Topco Ltd now owns 1,059 shares of the technology company’s stock valued at $611,000 after buying an additional 357 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $519,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the transaction, the insider owned 247 shares of the company’s stock, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,602 shares of company stock worth $17,747,049. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $580.24 on Thursday. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 82.89, a P/E/G ratio of 4.33 and a beta of 0.85. The company’s 50 day moving average price is $577.14 and its 200-day moving average price is $579.11.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm had revenue of $584.01 million for the quarter, compared to analysts’ expectations of $587.59 million. During the same quarter last year, the business earned $2.40 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on TYL shares. 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. Cantor Fitzgerald assumed coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 target price on the stock. Piper Sandler lowered their target price on Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Finally, Robert W. Baird lowered their target price on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $688.27.

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.