Tyler Technologies, Inc. $TYL Stock: Third View Private Wealth LLC Trims Stake

Third View Private Wealth LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 61.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 869 shares of the technology company’s stock after selling 1,409 shares during the quarter. Third View Private Wealth LLC’s holdings in Tyler Technologies were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Tyler Technologies during the second quarter worth approximately $1,129,890,000. Principal Financial Group Inc. raised its position in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after purchasing an additional 291,564 shares during the period. Bank of America Corp DE raised its position in Tyler Technologies by 10.5% during the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock valued at $138,696,000 after purchasing an additional 38,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Tyler Technologies by 13.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after purchasing an additional 48,832 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $88,645,000. Institutional investors own 93.30% of the company’s stock.

More Tyler Technologies News

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: The West Virginia Department of Education selected Tyler’s Enterprise ERP financial and human-resources software for a statewide modernization initiative. The contract adds a public-sector customer and could support future recurring revenue, although financial terms were not disclosed. Article
• Neutral Sentiment: Analyst views are mixed: BTIG raised its price target to $430 and maintained a Buy rating, while Goldman Sachs lifted its target to $385 but kept a Neutral rating. Both targets are below the latest reported share price, which may limit near-term upside expectations.
• Negative Sentiment: CEO H. Lynn Moore Jr. sold 10,000 shares for about $3.93 million, reducing his holdings by 9.06%. Director Daniel Pope also sold 680 shares for about $277,000, trimming his ownership by 20.46%. Insider sales can weigh on sentiment, though they do not necessarily signal a change in company prospects. Article

Tyler Technologies Stock Up 4.8%

Shares of NYSE:TYL opened at $423.62 on Thursday. The firm has a market capitalization of $16.84 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The business has a 50 day simple moving average of $355.41 and a two-hundred day simple moving average of $336.96. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $481.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33.

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

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Tyler Technologies from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. The Goldman Sachs Group increased their price target on Tyler Technologies from $345.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday. Guggenheim assumed coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target for the company. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday, August 1st. Finally, DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $440.88.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Daniel Pope sold 680 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $407.56, for a total value of $277,140.80. Following the sale, the director owned 2,643 shares in the company, valued at $1,077,181.08. This trade represents a 20.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the sale, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,430 shares of company stock valued at $10,686,888 in the last quarter. 1.10% of the stock is owned by insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.