Vise Technologies Inc. Purchases New Holdings in Tyler Technologies, Inc. $TYL

Vise Technologies Inc. purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,456 shares of the technology company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raiffeisen Bank International AG raised its stake in shares of Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after buying an additional 70 shares during the period. Quantbot Technologies LP bought a new stake in Tyler Technologies in the 2nd quarter valued at about $35,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Tyler Technologies in the second quarter valued at approximately $37,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Tyler Technologies by 75.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock worth $50,000 after acquiring an additional 63 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in Tyler Technologies in the 2nd quarter worth about $57,000. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Zacks Research downgraded shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. BTIG Research increased their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, October 30th. TD Cowen increased their price objective on Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. Based on 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 10,000 shares of Tyler Technologies stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $419.69, for a total transaction of $4,196,900.00. Following the transaction, the chief operating officer owned 7,800 shares in the company, valued at $3,273,582. This trade represents a 56.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $393.17, for a total value of $3,931,700.00. Following the completion of the sale, the chief executive officer owned 100,392 shares of the company’s stock, valued at $39,471,122.64. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,430 shares of company stock worth $14,883,788 in the last three months. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Down 0.5%

Tyler Technologies stock opened at $423.35 on Friday. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $481.57. The stock has a fifty day simple moving average of $361.63 and a two-hundred day simple moving average of $336.57. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 2.81 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, topping 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 company had revenue of $647.57 million during the quarter, compared to the consensus estimate of $651.38 million. During the same period last year, the company earned $2.91 EPS. Tyler Technologies’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts predict that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies provides software and technology services primarily to public-sector organizations. Its customers include state and local governments, courts, public safety agencies, schools, and other public entities. The company’s offerings include software for financial management, tax and property appraisal, courts and justice, public safety, education, utility billing, and permitting. Tyler also provides digital services such as online payments and tools for public access to government information.