Seilern Investment Management Ltd Has $68.56 Million Holdings in Tyler Technologies, Inc. $TYL

Seilern Investment Management Ltd lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 151,024 shares of the technology company’s stock after purchasing an additional 14,490 shares during the period. Tyler Technologies accounts for 5.3% of Seilern Investment Management Ltd’s portfolio, making the stock its 12th biggest position. Seilern Investment Management Ltd’s holdings in Tyler Technologies were worth $68,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Tyler Technologies in the third quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Tyler Technologies during the 2nd quarter worth about $32,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the 1st quarter worth about $38,000. Geneos Wealth Management Inc. boosted its stake 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 worth $40,000 after buying an additional 40 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $349.27 on Tuesday. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34. The company has a market capitalization of $15.02 billion, a P/E ratio of 48.51, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. The company has a 50-day simple moving average of $366.26 and a 200 day simple moving average of $443.68.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results 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). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. During the same period last year, the firm earned $2.43 EPS. Tyler Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research report on Friday, February 13th. Barclays reduced their price target on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company decreased their price target on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. BTIG Research lowered their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Stifel Nicolaus dropped their price objective on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $467.54.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies 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 sale, the director 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 SEC, which is available through this hyperlink. Also, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of Tyler Technologies stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $325.08 per share, with a total value of $198,298.80. Following the completion of the transaction, the insider owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This trade represents a 118.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 7,298 shares of company stock worth $2,658,721 in the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Company Profile

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.