Tyler Technologies, Inc. $TYL Shares Acquired by Local Pensions Partnership Investment Ltd

Local Pensions Partnership Investment Ltd lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 439,292 shares of the technology company’s stock after buying an additional 25,800 shares during the period. Tyler Technologies makes up about 3.5% of Local Pensions Partnership Investment Ltd’s holdings, making the stock its 14th biggest position. Local Pensions Partnership Investment Ltd’s holdings in Tyler Technologies were worth $199,381,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TYL. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $38,000. NewEdge Advisors LLC increased its stake in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after buying an additional 38 shares during the period. Woodline Partners LP purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. increased its stake in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.8%

Shares of TYL opened at $342.48 on Friday. The stock has a 50 day moving average price of $338.72 and a 200 day moving average price of $417.12. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The business had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. TD Cowen cut their target price on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Robert W. Baird set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $463.69.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Andrew D. Teed purchased 1,600 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost 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 $1,586,119.38. This trade represents a 45.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $355.40, for a total value of $177,700.00. Following the completion of the transaction, the director directly owned 2,871 shares of the company’s stock, valued at $1,020,353.40. This trade represents a 14.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,298 shares of company stock valued at $2,658,721 over the last three months. 1.10% of the stock is owned by corporate 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.