HB Wealth Management LLC Acquires 2,607 Shares of Tyler Technologies, Inc. $TYL

HB Wealth Management LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 49.8% during the third quarter, HoldingsChannel.com reports. The fund owned 7,843 shares of the technology company’s stock after purchasing an additional 2,607 shares during the period. HB Wealth Management LLC’s holdings in Tyler Technologies were worth $4,103,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its holdings in shares of Tyler Technologies by 7.5% in the 3rd quarter. Park Avenue Securities LLC now owns 4,832 shares of the technology company’s stock worth $2,528,000 after buying an additional 338 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Tyler Technologies by 101.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 930 shares of the technology company’s stock valued at $487,000 after buying an additional 468 shares in the last quarter. Bouvel Investment Partners LLC grew its stake in Tyler Technologies by 1.5% during the third quarter. Bouvel Investment Partners LLC now owns 5,021 shares of the technology company’s stock worth $2,627,000 after buying an additional 76 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Tyler Technologies during the third quarter worth approximately $205,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $366,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. BTIG Research began coverage on Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Oppenheimer restated an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research note on Wednesday. Finally, UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $632.21.

Tyler Technologies Trading Down 1.1%

Shares of NYSE TYL opened at $448.64 on Friday. Tyler Technologies, Inc. has a 1 year low of $430.00 and a 1 year high of $661.31. The firm’s 50-day moving average is $459.86 and its 200-day moving average is $517.74. The firm has a market capitalization of $19.30 billion, a PE ratio of 62.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the firm posted $2.52 earnings per share. Tyler Technologies’s revenue for the quarter 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, 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 related news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 17,148 shares in the company, valued at $7,691,049.48. The trade was a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,500 shares of company stock valued at $1,605,605 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.