Ossiam Purchases 20,317 Shares of Tyler Technologies, Inc. $TYL

Ossiam grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 4,047.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,819 shares of the technology company’s stock after buying 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 reporting period.

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

Tyler Technologies Stock Performance

TYL opened at $350.41 on Friday. The firm’s fifty day moving average is $378.04 and its two-hundred day moving average is $453.89. The firm has a market cap of $15.06 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 2.32 and a beta of 0.90. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $591.09 million. During the same period last year, the firm earned $2.43 EPS. Tyler Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Barclays dropped their target price on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald restated a “neutral” rating and issued a $325.00 price target on shares of Tyler Technologies in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $467.54.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the transaction, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. The trade was 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, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $325.08 per share, with a total value of $198,298.80. Following the completion of the acquisition, the insider directly owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This represents a 118.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 6,674 shares of company stock valued at $2,540,228. Company 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.