VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 3,600 Shares of Tyler Technologies, Inc. $TYL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,600 shares of the technology company’s stock, valued at approximately $1,147,000.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in Tyler Technologies by 16.6% during the third quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company’s stock worth $380,000 after acquiring an additional 170 shares during the period. CX Institutional raised its position in Tyler Technologies by 13.3% in the third quarter. CX Institutional now owns 952 shares of the technology company’s stock worth $303,000 after acquiring an additional 112 shares in the last quarter. Tidal Investments LLC lifted its holdings in Tyler Technologies by 47.0% in the 2nd quarter. Tidal Investments LLC now owns 7,038 shares of the technology company’s stock valued at $2,058,000 after acquiring an additional 2,251 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Tyler Technologies in the 2nd quarter valued at about $1,172,000. Finally, C WorldWide Group Holding A S lifted its holdings in Tyler Technologies by 30.3% in the 2nd quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company’s stock valued at $11,219,000 after acquiring an additional 8,928 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies News Roundup

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: The West Virginia Department of Education selected Tyler’s Enterprise ERP financial and human-resources software for a statewide modernization initiative. The contract adds a public-sector customer and could support future recurring revenue, although financial terms were not disclosed. Article
• Neutral Sentiment: Analyst views are mixed: BTIG raised its price target to $430 and maintained a Buy rating, while Goldman Sachs lifted its target to $385 but kept a Neutral rating. Both targets are below the latest reported share price, which may limit near-term upside expectations.
• Negative Sentiment: CEO H. Lynn Moore Jr. sold 10,000 shares for about $3.93 million, reducing his holdings by 9.06%. Director Daniel Pope also sold 680 shares for about $277,000, trimming his ownership by 20.46%. Insider sales can weigh on sentiment, though they do not necessarily signal a change in company prospects. Article

Tyler Technologies Trading Up 4.8%

NYSE:TYL opened at $423.62 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $481.57. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The stock has a fifty day simple moving average of $355.41 and a 200 day simple moving average of $336.96.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.04. The firm had revenue of $647.57 million for the quarter, compared to analysts’ expectations of $651.38 million. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. Tyler Technologies’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $2.91 EPS. Sell-side analysts forecast that Tyler Technologies, Inc. will post 10.11 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 680 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $407.56, for a total transaction of $277,140.80. Following the completion of the transaction, the director directly owned 2,643 shares of the company’s stock, valued at $1,077,181.08. This represents a 20.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,430 shares of company stock valued at $10,686,888 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. Needham & Company LLC boosted their target price on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Wells Fargo & Company increased their target price on shares of Tyler Technologies from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. BTIG Research raised their target price 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. Finally, The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $345.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $440.88.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.