Sun Sep 15 13:42:55 UTC 2024: ## Tyler Technologies (TYL) Sees Mixed Investor Activity: Forsta AP Fonden Sells Shares, Other Funds Buy
**New York, NY – September 15, 2024** – Tyler Technologies, Inc. (NYSE:TYL), a leading provider of software solutions for the public sector, saw a mixed bag of investor activity in the second quarter. While Forsta AP Fonden, a prominent institutional investor, reduced its holdings in the company by 9.1%, other funds such as Independence Bank of Kentucky and Kapitalo Investimentos Ltda took new positions in TYL.
Forsta AP Fonden’s stake in Tyler Technologies, now worth $4,022,000, was reduced by 800 shares, bringing their total ownership down to 8,000 shares. However, other investors showed confidence in the company, with Covestor Ltd increasing their holdings by 153.6% and Blue Trust Inc. boosting theirs by 329.4%.
Overall, institutional investors and hedge funds own a significant 93.30% of Tyler Technologies’ stock.
Analysts remain bullish on the company’s prospects, with several brokerages raising their price targets and ratings. JMP Securities, Piper Sandler, BTIG Research, and Truist Financial all increased their price targets, with BTIG Research assigning a “buy” rating.
The company’s recent quarterly earnings report showed positive results, with earnings per share (EPS) exceeding analyst expectations. Tyler Technologies’ revenue also grew 7.3% year-over-year.
However, insider selling activity is worth noting. John S. Marr, Jr., an insider at Tyler Technologies, sold 5,000 shares on August 21st, followed by Director Daniel M. Pope selling 275 shares on July 29th.
Despite mixed investor activity, analysts remain optimistic about Tyler Technologies’ future. The company’s strong financial performance and its position in the growing public sector software market continue to attract investor attention.
First Piper 