Tyler Technologies, Inc. $TYL Shares Sold by Third View Private Wealth LLC

Third View Private Wealth LLC lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 61.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 869 shares of the technology company’s stock after selling 1,409 shares during the period. Third View Private Wealth LLC’s holdings in Tyler Technologies were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Integrity Alliance LLC. bought a new stake in Tyler Technologies during the 3rd quarter valued at $252,000. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Tyler Technologies by 204.3% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 4,984 shares of the technology company’s stock valued at $1,588,000 after acquiring an additional 3,346 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Tyler Technologies in the third quarter worth about $3,090,000. Vise Technologies Inc. purchased a new stake in Tyler Technologies in the third quarter worth about $464,000. Finally, CHICAGO TRUST Co NA grew its holdings in Tyler Technologies by 22.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 3,166 shares of the technology company’s stock worth $1,009,000 after acquiring an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, Director Daniel Pope sold 680 shares of the firm’s 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 completion of the sale, the director owned 2,643 shares of the company’s stock, valued at $1,077,181.08. This trade represents a 20.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s 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 transaction, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,430 shares of company stock valued at $10,686,888. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $423.62 on Thursday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 2.66 and a beta of 0.74. The firm 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 one year low of $270.71 and a one year high of $481.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TYL shares. Piper Sandler started coverage on shares of Tyler Technologies in a report on Monday, September 28th. They issued an “overweight” rating and a $450.00 price target for the company. Weiss Ratings raised shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. BTIG Research upped their target price on Tyler Technologies from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Wells Fargo & Company upped 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. Finally, TD Cowen increased their target price on Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $440.88.

Tyler Technologies News Summary

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

About Tyler Technologies

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.