Ritholtz Wealth Management Invests $2.29 Million in Tyler Technologies, Inc. $TYL

Ritholtz Wealth Management acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,373 shares of the technology company’s stock, valued at approximately $2,288,000.

Other hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies during the 2nd quarter valued at about $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Tyler Technologies during the second quarter worth about $32,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter worth about $38,000. Geneos Wealth Management Inc. boosted its stake in shares of Tyler Technologies by 137.9% in the first 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 period. Finally, Quent Capital LLC purchased a new position in shares of Tyler Technologies in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the firm’s 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,500 shares of company stock worth $1,605,605 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TYL shares. Stifel Nicolaus started coverage on shares of Tyler Technologies in a research note on Wednesday, January 7th. They set a “buy” rating and a $550.00 target price on the stock. Wells Fargo & Company reduced their price objective on Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research note on Wednesday, January 7th. The Goldman Sachs Group began coverage on Tyler Technologies in a report on Tuesday. They set a “buy” rating and a $560.00 price target on the stock. Finally, BTIG Research began coverage on Tyler Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $617.57.

Tyler Technologies Trading Down 1.3%

TYL stock opened at $440.29 on Friday. The stock has a market cap of $18.95 billion, a P/E ratio of 61.24, a PEG ratio of 2.97 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $430.00 and a twelve month high of $661.31. The company’s 50 day moving average is $457.85 and its two-hundred day moving average is $512.34.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The business had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the prior year, the business posted $2.52 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.