Meriwether Wealth & Planning LLC Purchases Shares of 1,500 Tyler Technologies, Inc. $TYL

Meriwether Wealth & Planning LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,500 shares of the technology company’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares during the period. Wellington Management Group LLP lifted its holdings in Tyler Technologies by 72.5% in the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after buying an additional 252,488 shares during the period. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after buying an additional 234,916 shares during the period. Two Sigma Investments LP grew its position in shares of Tyler Technologies by 189.6% in the 3rd quarter. Two Sigma Investments LP now owns 290,511 shares of the technology company’s stock worth $151,984,000 after buying an additional 190,210 shares during the last quarter. Finally, Woodline Partners LP grew its position in shares of Tyler Technologies by 3,448.6% in the 3rd quarter. Woodline Partners LP now owns 165,543 shares of the technology company’s stock worth $86,605,000 after buying an additional 160,878 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Down 0.0%

TYL opened at $333.92 on Monday. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The stock has a fifty day simple moving average of $357.57 and a two-hundred day simple moving average of $437.46. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last released 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). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. During the same period in the prior year, the company earned $2.43 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. BTIG Research decreased their target price on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a report on Monday, February 9th. Needham & Company LLC reissued a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $325.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $467.54.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the transaction, the chief operating officer 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew D. Teed bought 1,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $309.91 per share, with a total value of $495,856.00. Following the completion of the acquisition, 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. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 7,298 shares of company stock valued at $2,658,721. 1.10% of the stock is currently owned by company insiders.

About Tyler Technologies

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.