Third View Private Wealth LLC Acquires Shares of 2,127 Tyler Technologies, Inc. $TYL
by Scott Moore · The Cerbat GemThird View Private Wealth LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,127 shares of the technology company’s stock, valued at approximately $966,000.
Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Tyler Technologies in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. boosted its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the period. Quent Capital LLC purchased a new stake in Tyler Technologies in the 3rd quarter valued at about $49,000. Finally, Accredited Wealth Management LLC boosted its position in Tyler Technologies by 614.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 100 shares of the technology company’s stock valued at $52,000 after buying an additional 86 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.
Tyler Technologies Stock Up 0.5%
NYSE TYL opened at $322.32 on Wednesday. The firm has a market cap of $13.68 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. The company has a 50 day moving average price of $338.97 and a 200 day moving average price of $420.28. Tyler Technologies, Inc. has a 52 week low of $283.71 and a 52 week high of $621.34.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.07). The firm had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total transaction of $567,003.36. Following the transaction, the director owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $355.40, for a total transaction of $177,700.00. Following the transaction, the director owned 2,871 shares in the company, valued at $1,020,353.40. The trade was a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,298 shares of company stock worth $2,658,721 in the last three months. 1.10% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have issued reports on TYL shares. Stifel Nicolaus lowered their price objective on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Oppenheimer lowered their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Barclays lowered their price target on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Tyler Technologies in a research report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $463.69.
Get Our Latest Analysis on TYL
Tyler Technologies 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.