SG Americas Securities LLC Boosts Stock Position in Tyler Technologies, Inc. $TYL

SG Americas Securities LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 127.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,775 shares of the technology company’s stock after purchasing an additional 18,952 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Tyler Technologies worth $15,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. General American Investors Co. Inc. lifted its position in shares of Tyler Technologies by 7.2% in the 3rd quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company’s stock worth $23,218,000 after purchasing an additional 3,000 shares during the period. Lazard Freres Gestion S.A.S. boosted its stake in shares of Tyler Technologies by 150.0% during the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company’s stock valued at $2,615,000 after purchasing an additional 3,000 shares in the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Tyler Technologies during the third quarter valued at about $2,111,000. Principal Financial Group Inc. raised its stake in Tyler Technologies by 11.4% in the third quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock worth $738,010,000 after buying an additional 144,612 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Tyler Technologies by 4.9% in the third quarter. Envestnet Asset Management Inc. now owns 172,932 shares of the technology company’s stock worth $90,471,000 after buying an additional 8,126 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several research reports. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a research report on Friday, February 13th. Wells Fargo & Company decreased their target price on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Stifel Nicolaus lowered their target price on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Insider Activity at Tyler Technologies

In related news, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the transaction, the chief operating officer owned 7,754 shares of the company’s stock, valued at $2,868,437.22. This trade represents a 40.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Pope sold 500 shares of Tyler Technologies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $355.40, for a total value of $177,700.00. Following the transaction, the director owned 2,871 shares of the company’s stock, valued at $1,020,353.40. The trade was a 14.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,298 shares of company stock worth $2,658,721 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Price Performance

NYSE:TYL opened at $333.92 on Friday. The firm has a market capitalization of $14.18 billion, a P/E ratio of 46.38, a PEG ratio of 2.24 and a beta of 0.90. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The company’s 50-day simple moving average is $357.57 and its 200 day simple moving average is $438.22.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The business had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. During the same period in the prior year, the business posted $2.43 EPS. Tyler Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

About Tyler Technologies

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.