C WorldWide Group Holdings Reduced Stake in Tyler Technologies, Inc.

C WorldWide Group Holding A S has significantly decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by a remarkable 75.8% during the fourth quarter, as detailed in the latest regulatory filing with the Securities and Exchange Commission (SEC). This prominent institutional investor now possesses 23,982 shares of the technology company after offloading 75,154 shares during that time.

As of the latest filing, C WorldWide Group held about 0.06% of Tyler Technologies, with a total investment worth approximately $13,829,000.

Changes in Holdings by Other Investors

In addition to C WorldWide’s activity, other hedge funds have also made adjustments to their investments in Tyler Technologies. For instance, Oak Thistle LLC raised its position in the company by an impressive 213.7% during the fourth quarter, acquiring an additional 1,586 shares to reach a total of 2,328 shares valued at $1,342,000.

Aigen Investment Management LP joined the ranks of investors by acquiring a new stake valued at around $1,309,000 in the third quarter. Similarly, Maiden Cove Capital LLC and Assetmark Inc. each established new positions in Tyler Technologies, valued at approximately $583,000 and $5,785,000, respectively. Assetmark Inc. increased its stake by 9.4% during the same quarter, adding 854 shares to its total holdings.

As of the latest reports, about 93.30% of Tyler Technologies’ stock is owned by institutional investors and hedge funds, showcasing the strong interest from larger investment entities.

Analysts Update Price Targets

Several research analysts have recently provided updates regarding their expectations for Tyler Technologies’ stock. Wells Fargo & Company maintained an "equal weight" rating while lowering the target price from $670.00 to $615.00 in a report released on January 7th. Conversely, Piper Sandler raised its target price from $701.00 to $747.00, giving the stock an "overweight" rating. Other analysts such as StockNews.com upgraded the rating from "hold" to "buy," while Goldman Sachs increased their target from $660.00 to $728.00, maintaining a "buy" rating.

Truist Financial also reiterated a "buy" rating with a revised target of $775.00, which was an increase from the previous target of $685.00. Overall, three analysts classify the stock with a hold rating while eleven have given a buy recommendation. Tyler Technologies currently holds an average rating of "Moderate Buy" with a consensus price target of $676.25, according to MarketBeat.com.

Recent Stock Performance

On Monday, shares of TYL opened at $614.89. Over the past year, the stock has reached a low of $397.80 and a high of $661.31. Key financial metrics for Tyler Technologies reveal a quick ratio of 1.21, a current ratio of 1.35, and a debt-to-equity ratio of 0.18. The company's market capitalization stands at $26.45 billion with a price-to-earnings ratio of 101.47 and a PEG ratio of 4.93, demonstrating a relatively high valuation.

Recent Earnings Results

Tyler Technologies last reported its earnings on February 12th, revealing an earnings per share (EPS) of $1.87 for the quarter. This result fell short of analysts' consensus expectations of $2.44 by $0.57. The company's return on equity was recorded at 10.15%, alongside a net margin of 12.30%. Industry analysts project that Tyler Technologies will post an EPS of 8.52 for the current year.

Insider Transactions

In other news related to Tyler Technologies, there have been insider sales. CEO H Lynn Moore, Jr. sold 3,250 shares on November 27th at an average price of $631.41, amounting to a total of $2,052,082.50. After this transaction, he retains 75,000 shares valued at about $47,355,750, reflecting a decrease in his ownership by 4.15%.

CFO Brian K. Miller also sold 6,752 shares on December 13th at an average price of $613.75, resulting in a total value of $4,144,040.00. Post-transaction, Miller owns 11,918 shares valued at $7,314,672.50, marking a decrease of 36.16% in his position. In total, insiders sold 18,502 shares worth approximately $11,577,448 over the past 90 days, with corporate insiders currently holding 2.20% of the stock.

About Tyler Technologies

Tyler Technologies, Inc. specializes in integrated information management solutions and services tailored for the public sector. The company operates through two key segments: Enterprise Software and Platform Technologies. Its offerings include transformative technology solutions that encompass cybersecurity for government agencies, data solutions, digital platforms for data sharing, and various payment solutions, including billing and collections.

Tyler Technologies also provides outdoor recreation solutions, which involve campsite reservations and real-time data management for conservation and park services.

CWorldWide, Tyler, Investors