9,463 Shares in Tyler Technologies, Inc. $TYL Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 3rd quarter, Holdings Channel reports. The firm bought 9,463 shares of the technology company’s stock, valued at approximately $4,951,000.

Several other hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC purchased a new stake in Tyler Technologies in the third quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Tyler Technologies in the second quarter worth about $32,000. Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. lifted its position 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 valued at $40,000 after buying an additional 40 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $49,000. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TYL shares. Robert W. Baird set a $440.00 target price on shares of Tyler Technologies in a report on Friday, February 13th. TD Cowen dropped their price target 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. Oppenheimer reduced their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

Tyler Technologies Trading Down 1.7%

Shares of TYL opened at $348.26 on Thursday. The business’s 50 day moving average is $381.91 and its 200 day moving average is $456.08. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The company has a market capitalization of $14.97 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Tyler Technologies (NYSE:TYL) last posted 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 business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same quarter in the previous year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, COO Jeffrey David Puckett sold 5,174 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the transaction, the chief operating officer owned 7,754 shares in the company, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.65, for a total transaction of $458,650.00. Following the transaction, the chief financial officer directly owned 16,148 shares of the company’s stock, valued at $7,406,280.20. The trade was a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,174 shares of company stock valued at $3,228,243. 1.10% of the stock is owned by corporate insiders.

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.