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

Vanguard Group Inc. increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,805,036 shares of the technology company’s stock after acquiring an additional 234,916 shares during the period. Vanguard Group Inc. owned about 13.49% of Tyler Technologies worth $3,036,963,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TYL. Meridian Wealth Management LLC raised its stake in shares of Tyler Technologies by 2.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock worth $558,000 after purchasing an additional 19 shares in the last quarter. Cerity Partners LLC increased its holdings in Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after buying an additional 19 shares during the last quarter. Nordea Investment Management AB raised its position in Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after acquiring an additional 20 shares in the last quarter. Signaturefd LLC lifted its stake in Tyler Technologies by 3.9% in the third quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock valued at $321,000 after acquiring an additional 23 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Tyler Technologies by 5.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock valued at $228,000 after acquiring an additional 24 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In related 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 transaction, the chief financial officer directly 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 available through the SEC website. Also, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of 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 company insiders.

Tyler Technologies Trading Up 1.6%

Tyler Technologies stock opened at $317.35 on Thursday. The company has a market capitalization of $13.66 billion, a price-to-earnings 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 stock’s 50 day moving average is $414.48 and its 200-day moving average is $480.54.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.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% on a year-over-year basis. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, February 3rd. BTIG Research dropped their price objective on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. 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 research report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Finally, DA Davidson restated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $467.54.

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.