Vise Technologies Inc. Makes New $241,000 Investment in Tyler Technologies, Inc. $TYL

Vise Technologies Inc. acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 407 shares of the technology company’s stock, valued at approximately $241,000.

Other hedge funds also recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in Tyler Technologies by 5.3% during the second quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock worth $225,000 after buying an additional 19 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Tyler Technologies by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after acquiring an additional 20 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Tyler Technologies by 2.9% during the 1st quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock worth $537,000 after acquiring an additional 26 shares in the last quarter. Prudential PLC grew its holdings in shares of Tyler Technologies by 2.3% in the 1st quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock worth $691,000 after acquiring an additional 27 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its position in shares of Tyler Technologies by 19.3% during the second quarter. Western Pacific Wealth Management LP now owns 167 shares of the technology company’s stock worth $99,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of a number of recent analyst reports. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Oppenheimer restated an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Price Performance

Shares of TYL opened at $462.48 on Tuesday. The company has a market capitalization of $19.90 billion, a PE ratio of 64.32, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. The company’s fifty day moving average price is $504.98 and its 200 day moving average price is $548.08. Tyler Technologies, Inc. has a one year low of $450.00 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.09. The business had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the transaction, the insider owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,000 shares of company stock worth $5,007,328. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.