Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.52 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 129.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,500 shares of the technology company’s stock after acquiring an additional 9,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyler Technologies were worth $9,515,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies in the third quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at approximately $32,000. Quarry LP bought a new stake in Tyler Technologies in the 3rd quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $79,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $676.25.

Get Our Latest Report on Tyler Technologies

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. This trade represents a 36.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total value of $2,052,082.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,502 shares of company stock worth $11,577,448. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 2.4 %

Shares of TYL opened at $614.89 on Monday. The firm has a market cap of $26.45 billion, a P/E ratio of 101.47, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The firm’s 50-day simple moving average is $597.53 and its 200 day simple moving average is $596.70.

Tyler Technologies (NYSE:TYLGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Tyler Technologies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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