Tyler Technologies, Inc. $TYL Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 20.3% in the first quarter, HoldingsChannel.com reports. The firm owned 69,718 shares of the technology company’s stock after selling 17,797 shares during the quarter. Sei Investments Co.’s holdings in Tyler Technologies were worth $23,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its position in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the period. DV Equities LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at approximately $29,000. Bayban purchased a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL stock opened at $333.19 on Wednesday. The company’s 50 day simple moving average is $304.01 and its 200-day simple moving average is $336.41. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34. The firm has a market capitalization of $14.05 billion, a PE ratio of 46.02, a P/E/G ratio of 2.10 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same period in the previous year, the firm posted $2.78 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.04 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. TD Cowen dropped their price target on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday. Finally, BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $464.59.

Tyler Technologies 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.