Unigestion Holding SA Reduces Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Unigestion Holding SA trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,585 shares of the technology company’s stock after selling 1,592 shares during the quarter. Unigestion Holding SA’s holdings in Tyler Technologies were worth $8,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new stake in shares of Tyler Technologies during the second quarter valued at $34,000. Arkadios Wealth Advisors boosted its stake in shares of Tyler Technologies by 37.9% during the second quarter. Arkadios Wealth Advisors now owns 91 shares of the technology company’s stock valued at $41,000 after purchasing an additional 25 shares during the period. Cribstone Capital Management LLC purchased a new stake in shares of Tyler Technologies during the second quarter valued at $45,000. RE Advisers Corp purchased a new stake in shares of Tyler Technologies during the second quarter valued at $49,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Tyler Technologies during the second quarter valued at $56,000. 90.55% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Tyler Technologies from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, October 29th. BTIG Research raised shares of Tyler Technologies from a “neutral” rating to a “buy” rating and set a $585.00 target price for the company in a research note on Tuesday, August 31st. Needham & Company LLC lifted their price objective on Tyler Technologies from $480.00 to $575.00 and gave the company a “buy” rating in a report on Thursday, July 29th. JMP Securities lifted their price objective on Tyler Technologies from $525.00 to $580.00 and gave the company a “market outperform” rating in a report on Monday, November 1st. Finally, TheStreet upgraded Tyler Technologies from a “c” rating to a “b-” rating in a report on Wednesday, October 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $549.95.

In other news, Chairman John S. Marr, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 4th. The shares were sold at an average price of $547.80, for a total transaction of $5,478,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $484.60, for a total transaction of $1,211,500.00. Following the transaction, the chief financial officer now owns 26,401 shares in the company, valued at approximately $12,793,924.60. The disclosure for this sale can be found here. Insiders sold 43,214 shares of company stock valued at $23,022,475 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Tyler Technologies stock traded down $3.19 during trading hours on Thursday, reaching $514.53. The stock had a trading volume of 159,762 shares, compared to its average volume of 217,119. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 134.69 and a beta of 0.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50 day moving average price is $506.30 and its 200-day moving average price is $472.41. Tyler Technologies, Inc. has a 52 week low of $372.80 and a 52 week high of $557.55.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 27th. The technology company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.24. The business had revenue of $459.87 million during the quarter, compared to the consensus estimate of $426.30 million. Tyler Technologies had a net margin of 11.15% and a return on equity of 10.44%. The firm’s revenue was up 60.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 5.09 EPS for the current fiscal year.

About Tyler Technologies

Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.

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

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