Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 9,300 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 129.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,500 shares of the technology company’s stock after purchasing 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the 3rd quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at $32,000. Quarry LP bought a new position in shares of Tyler Technologies during the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Tyler Technologies in the third quarter worth $79,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Down 2.4 %

Shares of NYSE TYL opened at $614.89 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.45 billion, a PE ratio of 101.47, a P/E/G ratio of 4.93 and a beta of 0.78. The company’s fifty day simple moving average is $597.53 and its 200 day simple moving average is $596.70. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,502 shares of company stock valued at $11,577,448. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TYL. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. DA Davidson reissued a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Company Profile

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.