2Xideas AG Sells 1,968 Shares of Tyler Technologies, Inc. $TYL

2Xideas AG trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 22.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,695 shares of the technology company’s stock after selling 1,968 shares during the period. 2Xideas AG’s holdings in Tyler Technologies were worth $3,503,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. DLD Asset Management LP purchased a new position in Tyler Technologies in the 2nd quarter worth $5,780,190,000. Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after buying an additional 234,916 shares during the period. State Street Corp lifted its stake in shares of Tyler Technologies by 4.5% in the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after acquiring an additional 81,679 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Tyler Technologies by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after acquiring an additional 144,612 shares during the period. Finally, Geode Capital Management LLC grew its position in Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after acquiring an additional 30,686 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $350.41 on Friday. The company has a 50 day simple moving average of $378.04 and a two-hundred day simple moving average of $453.89. The firm has a market cap of $15.06 billion, a P/E ratio of 48.67, a PEG ratio of 2.32 and a beta of 0.90. Tyler Technologies, Inc. has a 1-year low of $283.71 and a 1-year high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $325.00 price objective on shares of Tyler Technologies in a research report on Friday, February 13th. DA Davidson reaffirmed a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 17th. Oppenheimer lowered their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Finally, Robert W. Baird set a $440.00 price target on shares of Tyler Technologies in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $467.54.

Insider Buying and Selling at Tyler Technologies

In other news, Director Daniel M. Pope sold 500 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the transaction, the director owned 2,871 shares in the company, valued at approximately $1,020,353.40. This trade represents a 14.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew D. Teed acquired 1,600 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $309.91 per share, with a total value of $495,856.00. Following the completion of the acquisition, the director directly owned 5,118 shares of the company’s stock, valued at $1,586,119.38. This represents a 45.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 6,674 shares of company stock worth $2,540,228 over the last quarter. Insiders own 1.10% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.