SVB Wealth LLC Purchases Shares of 3,255 Tyler Technologies, Inc. $TYL

SVB Wealth LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,255 shares of the technology company’s stock, valued at approximately $1,930,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ProShare Advisors LLC increased its stake in Tyler Technologies by 7.8% in the 2nd quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after purchasing an additional 834 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Tyler Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after buying an additional 3,894 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Tyler Technologies during the second quarter valued at approximately $1,185,000. Andra AP fonden acquired a new stake in shares of Tyler Technologies during the second quarter valued at approximately $1,493,000. Finally, Westwood Holdings Group Inc. boosted its stake in Tyler Technologies by 48.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 10,890 shares of the technology company’s stock worth $6,456,000 after purchasing an additional 3,571 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. DA Davidson dropped their target price on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Oppenheimer restated an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $459.71 on Tuesday. The business’s 50-day simple moving average is $483.62 and its 200-day simple moving average is $537.62. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 63.94, a P/E/G ratio of 3.57 and a beta of 0.91.

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

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the transaction, the chief financial officer directly owned 12,781 shares in the company, valued at $5,995,311.48. This trade represents a 7.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.