SG Americas Securities LLC Purchases 18,952 Shares of Tyler Technologies, Inc. $TYL

SG Americas Securities LLC grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 127.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 33,775 shares of the technology company’s stock after purchasing an additional 18,952 shares during the quarter. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $15,332,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TYL. Root Financial Partners LLC bought a new position in shares of Tyler Technologies in the third quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Tyler Technologies during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 40 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in Tyler Technologies in the 3rd quarter worth approximately $49,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 2.1%

Shares of TYL stock opened at $333.92 on Friday. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The stock has a market capitalization of $14.18 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.24 and a beta of 0.90. The firm’s 50 day moving average is $357.57 and its 200 day moving average is $438.22.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The company had revenue of $575.18 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 earnings per share. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TYL shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $325.00 price objective on shares of Tyler Technologies in a research report on Friday, February 13th. TD Cowen decreased their price target on Tyler Technologies from $600.00 to $500.00 and set a “buy” 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. Needham & Company LLC reaffirmed a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.54.

Insider Buying and Selling

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew D. Teed bought 1,600 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $309.91 per share, for a total transaction of $495,856.00. Following the completion of the transaction, the director directly owned 5,118 shares of the company’s stock, valued at approximately $1,586,119.38. The trade was a 45.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 7,298 shares of company stock valued at $2,658,721 over the last ninety days. 1.10% of the stock is owned by insiders.

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.