Vanguard Group Inc. Buys 234,916 Shares of Tyler Technologies, Inc. $TYL

Vanguard Group Inc. lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,805,036 shares of the technology company’s stock after buying an additional 234,916 shares during the period. Vanguard Group Inc. owned approximately 0.13% of Tyler Technologies worth $3,036,963,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Tyler Technologies during the third quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $38,000. Geneos Wealth Management Inc. lifted its holdings in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $49,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the transaction, the chief financial officer owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,500 shares of company stock worth $1,605,605 over the last three months. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 1.6%

Shares of TYL opened at $317.35 on Thursday. The stock has a market cap of $13.66 billion, a PE ratio of 44.08, a PEG ratio of 2.09 and a beta of 0.91. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $647.11. The business has a 50-day simple moving average of $414.48 and a two-hundred day simple moving average of $480.54.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The firm had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. During the same period in the previous year, the business posted $2.43 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on TYL shares. TD Cowen lowered their price objective on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Robert W. Baird set a $440.00 price target on Tyler Technologies in a report on Friday, February 13th. Oppenheimer dropped their price objective on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $325.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $467.54.

About Tyler Technologies

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.