3,600 Shares of Tyler Technologies, Inc. $TYL Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,600 shares of the technology company’s stock, valued at approximately $1,147,000.

A number of other institutional investors have also recently bought and sold shares of TYL. BlackRock Inc. acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $1,129,890,000. Bank of America Corp DE acquired a new stake in shares of Tyler Technologies during the second quarter worth approximately $116,831,000. Deutsche Bank AG acquired a new stake in shares of Tyler Technologies during the second quarter worth approximately $88,645,000. Principal Financial Group Inc. grew 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Tyler Technologies during the second quarter valued at approximately $72,426,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 4.8%

Shares of Tyler Technologies stock opened at $423.62 on Thursday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 42.73, a P/E/G ratio of 2.66 and a beta of 0.74. 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, Inc. has a 52-week low of $270.71 and a 52-week high of $481.57. The stock has a 50-day simple moving average of $355.41 and a 200-day simple moving average of $336.96.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating 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 business had revenue of $647.57 million during the quarter, compared to analysts’ expectations of $651.38 million. During the same quarter in the previous year, the business posted $2.91 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Tyler Technologies, Inc. will post 10.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on TYL shares. Wells Fargo & Company upped their price objective on shares of Tyler Technologies from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Guggenheim started coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price for the company. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. BTIG Research boosted their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Needham & Company LLC upped their price target on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.88.

Insider Buying and Selling at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $393.17, for a total transaction of $3,931,700.00. Following the transaction, the chief executive officer owned 100,392 shares in the company, valued at $39,471,122.64. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,430 shares of company stock worth $10,686,888 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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

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.