Vise Technologies Inc. Buys New Holdings in Tyler Technologies, Inc. $TYL

Vise Technologies Inc. acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,456 shares of the technology company’s stock, valued at approximately $464,000.

Other large investors have also recently made changes to their positions in the company. American Capital Management Inc. raised its position in 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 purchasing an additional 76,903 shares during the period. Edgestream Partners L.P. bought a new position in Tyler Technologies in the 1st quarter valued at $2,739,000. Bank of America Corp DE purchased a new stake in Tyler Technologies in the second quarter worth $116,831,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Tyler Technologies by 13.9% during 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 purchasing an additional 48,832 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in shares of Tyler Technologies during the second quarter worth $838,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Down 0.5%

Shares of Tyler Technologies stock opened at $423.35 on Friday. The firm’s 50 day moving average price is $361.63 and its 200-day moving average price is $336.57. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $481.57. The company has a market cap of $16.83 billion, a P/E ratio of 44.98, a PEG ratio of 2.81 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.04. Tyler Technologies had a net margin of 13.51% and a return on equity of 12.21%. The company had revenue of $647.57 million during the quarter, compared to analysts’ expectations of $651.38 million. During the same quarter in the prior year, the company posted $2.91 earnings per share. Tyler Technologies’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H. Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $393.17, for a total value of $3,931,700.00. Following the completion of the transaction, the chief executive officer owned 100,392 shares of the company’s stock, valued at approximately $39,471,122.64. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey Puckett sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $419.69, for a total transaction of $4,196,900.00. Following the sale, the chief operating officer directly owned 7,800 shares in the company, valued at $3,273,582. This trade represents a 56.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 38,430 shares of company stock worth $14,883,788. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TYL. BTIG Research upped their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, October 30th. TD Cowen raised their price objective on Tyler Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Weiss Ratings upgraded Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Guggenheim began coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.88.

About Tyler Technologies

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.