SG Americas Securities LLC Has $7.76 Million Stock Holdings in Tyler Technologies, Inc. $TYL

SG Americas Securities LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 132.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,823 shares of the technology company’s stock after acquiring an additional 8,439 shares during the quarter. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $7,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TYL. Generali Asset Management SPA SGR acquired a new position in shares of Tyler Technologies during the second quarter worth $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in Tyler Technologies during the 2nd quarter worth about $32,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the 1st quarter worth about $38,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Tyler Technologies by 390.9% in the second quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock valued at $64,000 after buying an additional 86 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on TYL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. BTIG Research started coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price target for the company. Wells Fargo & Company dropped their price target on shares of Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stifel Nicolaus assumed coverage on shares of Tyler Technologies in a research note on Wednesday. They issued a “buy” rating and a $550.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Tyler Technologies in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $632.21.

Tyler Technologies Trading Down 1.1%

TYL opened at $448.64 on Friday. Tyler Technologies, Inc. has a 1-year low of $430.00 and a 1-year high of $661.31. The company has a market cap of $19.30 billion, a P/E ratio of 62.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company has a fifty day moving average price of $459.86 and a two-hundred day moving average price of $517.74.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same quarter in the prior year, the company earned $2.52 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies Profile

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.