Y.D. More Investments Ltd Takes $1.92 Million Position in Tyler Technologies, Inc. $TYL

Y.D. More Investments Ltd acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,235 shares of the technology company’s stock, valued at approximately $1,922,000.

A number of other hedge funds have also bought and sold shares of TYL. Root Financial Partners LLC bought a new stake in shares of Tyler Technologies in the third quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Tyler Technologies during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the 1st quarter worth approximately $38,000. Geneos Wealth Management Inc. grew its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the period. Finally, Quent Capital LLC purchased a new stake in Tyler Technologies during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other news, Director Andrew D. Teed purchased 1,600 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $309.91 per share, for a total transaction of $495,856.00. Following the acquisition, the director directly owned 5,118 shares of the company’s stock, valued at $1,586,119.38. This represents a 45.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of Tyler Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the completion of the sale, the director directly owned 2,871 shares in the company, valued at approximately $1,020,353.40. The trade was a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,298 shares of company stock valued at $2,658,721 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

TYL opened at $338.35 on Monday. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 46.99, a PEG ratio of 2.27 and a beta of 0.92. The company has a fifty day moving average of $347.88 and a 200 day moving average of $430.30. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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 company 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%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TYL. Needham & Company LLC restated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Oppenheimer dropped their target price on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. The Goldman Sachs Group set a $420.00 price target on shares of Tyler Technologies in a research report on Friday, February 13th. DA Davidson reissued a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 17th. Finally, Barclays cut their target price on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $467.54.

Tyler Technologies Company 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.