Burling Wealth Partners LLC Increases Position in Tyler Technologies, Inc. $TYL

Burling Wealth Partners LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 120.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,901 shares of the technology company’s stock after purchasing an additional 3,224 shares during the quarter. Burling Wealth Partners LLC’s holdings in Tyler Technologies were worth $3,087,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TYL. CenterBook Partners LP acquired a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $1,882,000. Beirne Wealth Consulting Services LLC acquired a new position in Tyler Technologies during the third quarter worth $345,000. NEOS Investment Management LLC lifted its holdings in Tyler Technologies by 87.8% during the third quarter. NEOS Investment Management LLC now owns 1,095 shares of the technology company’s stock valued at $573,000 after purchasing an additional 512 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Tyler Technologies by 134.8% in the third quarter. Merit Financial Group LLC now owns 1,937 shares of the technology company’s stock valued at $1,013,000 after purchasing an additional 1,112 shares during the period. Finally, Summitry LLC grew its position in shares of Tyler Technologies by 34.8% in the third quarter. Summitry LLC now owns 570 shares of the technology company’s stock valued at $298,000 after purchasing an additional 147 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TYL has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a research note on Friday, February 13th. TD Cowen decreased their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock 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 note on Tuesday, February 3rd. Finally, BTIG Research dropped their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Tyler Technologies Price Performance

TYL stock opened at $317.35 on Thursday. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $647.11. The firm has a market capitalization of $13.66 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91. The business has a 50 day simple moving average of $414.48 and a 200-day simple moving average of $480.54.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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). The company had revenue of $575.18 million for the quarter, compared to analyst estimates of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $2.43 EPS. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity

In related news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the transaction, the chief financial officer directly owned 12,781 shares in the company, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,500 shares of company stock worth $1,605,605 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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.