Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,920 shares of the technology company’s stock after selling 156 shares during the period. First Hawaiian Bank’s holdings in Tyler Technologies were worth $1,684,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TYL. International Assets Investment Management LLC lifted its stake in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after buying an additional 307,498 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. FMR LLC boosted its holdings in shares of Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after purchasing an additional 52,984 shares during the last quarter. Westwind Capital boosted its holdings in shares of Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after purchasing an additional 45,760 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Tyler Technologies in the third quarter valued at $23,383,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TYL. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday. Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. DA Davidson lifted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays upped their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $574.49 on Thursday. The firm has a market capitalization of $24.59 billion, a PE ratio of 104.83, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The stock’s 50 day moving average price is $606.89 and its 200 day moving average price is $580.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock valued at $26,096,928 in the last ninety days. Insiders own 2.20% of the company’s stock.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.