Ossiam Has $10.89 Million Holdings in Tyler Technologies, Inc. $TYL

Ossiam lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4,047.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,819 shares of the technology company’s stock after acquiring an additional 20,317 shares during the period. Ossiam’s holdings in Tyler Technologies were worth $10,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the first quarter worth $38,000. NewEdge Advisors LLC grew its holdings in shares of Tyler Technologies by 17.8% in the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock valued at $146,000 after acquiring an additional 38 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Tyler Technologies in the first quarter valued at about $2,102,000. Geneos Wealth Management Inc. raised its holdings in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares in the last quarter. Finally, Savant Capital LLC boosted its position in Tyler Technologies by 26.0% during the second quarter. Savant Capital LLC now owns 765 shares of the technology company’s stock valued at $454,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.4%

TYL opened at $350.41 on Friday. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The business has a 50 day moving average of $378.04 and a 200-day moving average of $453.89. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 2.32 and a beta of 0.90.

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

Analysts Set New Price Targets

A number of research firms have weighed in on TYL. DA Davidson restated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 17th. TD Cowen cut their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, February 3rd. Finally, BTIG Research dropped their price target on shares of Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $467.54.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer owned 17,148 shares in the company, valued at approximately $7,691,049.48. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the sale, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at $2,868,437.22. The trade was a 40.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,674 shares of company stock valued at $2,540,228. Corporate insiders own 1.10% of the company’s stock.

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.