First Hawaiian Bank Lowers Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

First Hawaiian Bank cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 16.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,553 shares of the technology company’s stock after selling 310 shares during the quarter. First Hawaiian Bank’s holdings in Tyler Technologies were worth $781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TIAA Trust National Association purchased a new stake in Tyler Technologies during the fourth quarter valued at about $212,000. Arizona State Retirement System lifted its holdings in shares of Tyler Technologies by 1.1% in the 4th quarter. Arizona State Retirement System now owns 11,565 shares of the technology company’s stock worth $4,836,000 after purchasing an additional 127 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after purchasing an additional 52,140 shares during the last quarter. Tritonpoint Wealth LLC bought a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $649,000. Finally, Nisa Investment Advisors LLC increased its position in Tyler Technologies by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,615 shares of the technology company’s stock valued at $10,292,000 after acquiring an additional 296 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,845 shares of company stock valued at $9,118,667. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several analyst reports. BTIG Research raised their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JMP Securities lifted their target price on Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Piper Sandler raised their target price on Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays lifted their price objective on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Oppenheimer raised their target price on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $582.31.

Tyler Technologies Trading Down 1.2 %

Shares of Tyler Technologies stock traded down $6.80 on Monday, hitting $569.01. 294,013 shares of the company’s stock traded hands, compared to its average volume of 227,963. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 0.94. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $593.50. The firm’s 50-day moving average price is $507.27 and its two-hundred day moving average price is $462.60. The stock has a market capitalization of $24.16 billion, a PE ratio of 128.33, a price-to-earnings-growth ratio of 5.25 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. During the same quarter in the prior year, the company earned $1.53 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Tyler Technologies, Inc. will post 7.23 EPS for the current fiscal year.

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.