Dynamic Technology Lab Private Ltd Invests $726,000 in Tyler Technologies, Inc. $TYL

Dynamic Technology Lab Private Ltd bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,387 shares of the technology company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. DLD Asset Management LP acquired a new position in Tyler Technologies in the second quarter valued at $5,780,190,000. Norges Bank acquired a new stake in shares of Tyler Technologies during the second quarter worth about $712,276,000. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after purchasing an additional 234,916 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 11.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after purchasing an additional 144,612 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Tyler Technologies by 28.1% in the 3rd quarter. William Blair Investment Management LLC now owns 459,114 shares of the technology company’s stock valued at $240,190,000 after purchasing an additional 100,640 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TYL shares. Needham & Company LLC restated a “buy” rating and set a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Tuesday, February 17th. BTIG Research decreased their price objective on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a report on Monday, February 9th. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Friday, February 13th. Finally, Oppenheimer cut their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $467.54.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Andrew D. Teed bought 1,600 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost of $309.91 per share, with a total value of $495,856.00. Following the purchase, the director owned 5,118 shares in the company, valued at approximately $1,586,119.38. This represents a 45.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.65, for a total value of $458,650.00. Following the completion of the sale, the chief financial officer owned 16,148 shares in the company, valued at approximately $7,406,280.20. This trade represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,174 shares of company stock worth $3,228,243 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Down 1.9%

Tyler Technologies stock opened at $367.43 on Tuesday. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.52 and a beta of 0.90. The stock has a 50 day moving average of $386.08 and a two-hundred day moving average of $458.29. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34.

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