Massachusetts Financial Services Co. MA Has $181.57 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Massachusetts Financial Services Co. MA lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 52.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 399,969 shares of the technology company’s stock after selling 448,417 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.93% of Tyler Technologies worth $181,566,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TYL. Root Financial Partners LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter valued at $28,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the 1st quarter valued at $38,000. Geneos Wealth Management Inc. boosted its holdings in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter valued at $49,000. Finally, Accredited Wealth Management LLC boosted its holdings in shares of Tyler Technologies by 614.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 100 shares of the technology company’s stock valued at $52,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This trade represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,298 shares of company stock worth $2,658,721 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 0.1%

Shares of NYSE:TYL opened at $317.54 on Monday. The firm has a market cap of $13.48 billion, a P/E ratio of 44.10, a P/E/G ratio of 2.13 and a beta of 0.92. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The business has a fifty day simple moving average of $340.00 and a 200 day simple moving average of $423.16.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). The company had revenue of $575.18 million for 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 firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 earnings per share. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TYL shares. Cantor Fitzgerald reissued a “neutral” rating and set a $325.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Robert W. Baird set a $440.00 price objective on Tyler Technologies in a report on Friday, February 13th. Piper Sandler reissued an “overweight” rating and set a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 3rd. Finally, Oppenheimer cut their price objective on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $463.69.

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.