Gulf International Bank UK Ltd Has $1.89 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Gulf International Bank UK Ltd cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,285 shares of the technology company’s stock after selling 31 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Tyler Technologies were worth $1,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies during the 4th quarter worth approximately $32,000. Quarry LP acquired a new position in Tyler Technologies during the 3rd quarter worth 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 acquired a new position in Tyler Technologies during the 3rd quarter worth approximately $79,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.4 %

TYL opened at $607.66 on Friday. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The stock’s fifty day simple moving average is $598.45 and its 200 day simple moving average is $597.61. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $26.14 billion, a PE ratio of 100.27, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on TYL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Truist Financial reaffirmed a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $676.25.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the 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 $7,314,672.50. The trade was a 36.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,766 shares of company stock worth $13,548,346. Company insiders own 2.20% of the company’s stock.

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.