Jefferies Financial Group Inc. Lowers Holdings in Tyler Technologies, Inc. $TYL

Jefferies Financial Group Inc. trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 60.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,600 shares of the technology company’s stock after selling 2,483 shares during the period. Jefferies Financial Group Inc.’s holdings in Tyler Technologies were worth $837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. DLD Asset Management LP bought a new position in shares of Tyler Technologies in the second quarter worth approximately $5,780,190,000. Vanguard Group Inc. grew its holdings in shares of Tyler Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after buying an additional 234,916 shares during the last quarter. State Street Corp increased its position in shares of Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after acquiring an additional 81,679 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Tyler Technologies by 11.4% during the third quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after acquiring an additional 144,612 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tyler Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after acquiring an additional 30,686 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TYL shares. Stifel Nicolaus lowered their price objective on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Barclays decreased their price target on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Robert W. Baird set a $440.00 price target on Tyler Technologies in a report on Friday, February 13th. 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 report on Monday, February 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $467.54.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of Tyler Technologies stock in a transaction dated Friday, February 20th. The stock was purchased at an average price of $325.08 per share, with a total value of $198,298.80. Following the transaction, the insider directly owned 1,123 shares of the company’s stock, valued at $365,064.84. This trade represents a 118.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the transaction, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,674 shares of company stock valued at $2,540,228 in the last 90 days. 1.10% of the stock is owned by company insiders.

Tyler Technologies Trading Down 0.8%

NYSE:TYL opened at $345.59 on Friday. The company has a market cap of $14.86 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a 50 day simple moving average of $379.75 and a two-hundred day simple moving average of $455.31. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34.

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). The firm had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. Tyler Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.