Dynamic Technology Lab Private Ltd Takes Position in Tyler Technologies, Inc. $TYL

Dynamic Technology Lab Private Ltd purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,387 shares of the technology company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Black Swift Group LLC purchased a new position in shares of Tyler Technologies in the third quarter valued at $523,000. Korea Investment CORP raised its position in Tyler Technologies by 86.8% during the third quarter. Korea Investment CORP now owns 23,554 shares of the technology company’s stock worth $12,323,000 after acquiring an additional 10,948 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Tyler Technologies by 12.3% in the third quarter. HUB Investment Partners LLC now owns 646 shares of the technology company’s stock valued at $338,000 after purchasing an additional 71 shares in the last quarter. Teton Advisors LLC purchased a new stake in shares of Tyler Technologies in the third quarter valued at about $523,000. Finally, Aptus Capital Advisors LLC grew its position in shares of Tyler Technologies by 4.7% in the third quarter. Aptus Capital Advisors LLC now owns 22,160 shares of the technology company’s stock valued at $11,593,000 after purchasing an additional 1,000 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer owned 7,754 shares of the company’s stock, valued at $2,868,437.22. The trade was a 40.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of the company’s stock in a transaction that occurred 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 purchase, the insider directly owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 8,174 shares of company stock valued at $3,228,243. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of TYL opened at $367.43 on Tuesday. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $621.34. The company’s 50 day simple moving average is $386.08 and its 200 day simple moving average is $458.29. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.52 and a beta of 0.90.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.07). The firm had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 earnings per share. Equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. TD Cowen reduced their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Barclays lowered their target price on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. DA Davidson reissued a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday, February 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.