Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 4,300 Shares of Tyler Technologies, Inc. $TYL

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 21.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,500 shares of the technology company’s stock after acquiring an additional 4,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyler Technologies were worth $14,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. SYM FINANCIAL Corp raised its stake in shares of Tyler Technologies by 5.0% in the second quarter. SYM FINANCIAL Corp now owns 838 shares of the technology company’s stock valued at $497,000 after acquiring an additional 40 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Tyler Technologies by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 164,806 shares of the technology company’s stock valued at $97,704,000 after purchasing an additional 2,265 shares during the last quarter. Wealthfront Advisers LLC raised its position in Tyler Technologies by 22.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 2,384 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 441 shares during the last quarter. Leelyn Smith LLC raised its position in Tyler Technologies by 5.7% in the 2nd quarter. Leelyn Smith LLC now owns 2,243 shares of the technology company’s stock valued at $1,330,000 after purchasing an additional 121 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Tyler Technologies by 0.7% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 108,852 shares of the technology company’s stock valued at $64,532,000 after purchasing an additional 723 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $511.00 on Wednesday. The company has a market cap of $22.11 billion, a price-to-earnings ratio of 73.00, a price-to-earnings-growth ratio of 3.90 and a beta of 0.89. The firm has a 50 day simple moving average of $530.31 and a 200 day simple moving average of $556.54. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TYL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. DA Davidson dropped their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $682.89.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the sale, the insider owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by insiders.

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.