Ritholtz Wealth Management Takes $2.29 Million Position in Tyler Technologies, Inc. $TYL

Ritholtz Wealth Management bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,373 shares of the technology company’s stock, valued at approximately $2,288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its stake in shares of Tyler Technologies by 11.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,063 shares of the technology company’s stock worth $556,000 after purchasing an additional 106 shares during the last quarter. TD Private Client Wealth LLC raised its position in Tyler Technologies by 260.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 292 shares of the technology company’s stock worth $153,000 after buying an additional 211 shares during the last quarter. Quent Capital LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $49,000. Nordea Investment Management AB lifted its stake in Tyler Technologies by 14.8% during the 3rd quarter. Nordea Investment Management AB now owns 4,062 shares of the technology company’s stock valued at $2,112,000 after acquiring an additional 525 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyler Technologies by 3.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,571 shares of the technology company’s stock valued at $822,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $440.29 on Friday. The stock’s fifty day moving average is $457.85 and its two-hundred day moving average is $512.34. The firm has a market capitalization of $18.95 billion, a P/E ratio of 61.24, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Tyler Technologies, Inc. has a fifty-two week low of $430.00 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The firm had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the previous year, the company posted $2.52 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the sale, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,500 shares of company stock valued at $1,605,605. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TYL shares. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research note on Friday, October 31st. BTIG Research began coverage on shares of Tyler Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price target on the stock. Cowen assumed coverage on shares of Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating for the company. The Goldman Sachs Group started coverage on shares of Tyler Technologies in a report on Tuesday. They set a “buy” rating and a $560.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research note on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $617.57.

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.