2,083 Shares of Tyler Technologies, Inc. $TYL Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,083 shares of the technology company’s stock, valued at approximately $664,000.

Several other large investors have also recently made changes to their positions in the company. American Capital Management Inc. increased its holdings in shares of Tyler Technologies by 348.9% in the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock worth $33,876,000 after buying an additional 76,903 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Tyler Technologies in the 1st quarter valued at about $2,739,000. Bank of America Corp DE bought a new position in shares of Tyler Technologies in the 2nd quarter valued at about $116,831,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tyler Technologies by 13.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock worth $117,211,000 after acquiring an additional 48,832 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in Tyler Technologies in the second quarter worth about $838,000. 93.30% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Jeffrey Puckett sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $419.69, for a total transaction of $4,196,900.00. Following the completion of the sale, the chief operating officer directly owned 7,800 shares of the company’s stock, valued at approximately $3,273,582. This trade represents a 56.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel M. Pope sold 680 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $407.56, for a total value of $277,140.80. Following the transaction, the director owned 2,643 shares of the company’s stock, valued at approximately $1,077,181.08. The trade was a 20.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 38,430 shares of company stock valued at $14,883,788. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TYL has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on Tyler Technologies from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. BTIG Research raised their price objective on Tyler Technologies from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Zacks Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Needham & Company LLC lifted their target price on Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Finally, The Goldman Sachs Group boosted their target price on Tyler Technologies from $345.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $440.88.

Tyler Technologies Price Performance

TYL stock opened at $420.33 on Friday. The stock has a market cap of $16.71 billion, a PE ratio of 52.94, a P/E/G ratio of 2.77 and a beta of 0.74. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $481.57. The company has a 50-day moving average price of $357.96 and a 200 day moving average price of $336.87. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.04. The company had revenue of $647.57 million for the quarter, compared to analyst estimates of $651.38 million. Tyler Technologies had a net margin of 13.51% and a return on equity of 12.21%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 EPS. Equities research analysts anticipate that Tyler Technologies, Inc. will post 10.11 earnings per share for the current year.

Tyler Technologies Profile

Tyler Technologies provides software and technology services primarily to public-sector organizations. Its customers include state and local governments, courts, public safety agencies, schools, and other public entities.

The company’s offerings include software for financial management, tax and property appraisal, courts and justice, public safety, education, utility billing, and permitting. Tyler also provides digital services such as online payments and tools for public access to government information.

Founded in 1966 and headquartered in Plano, Texas, Tyler Technologies serves customers mainly in the United States, with operations and customers in other markets as well.