Jefferies Financial Group Inc. Reduces Stock Position in Tyler Technologies, Inc. $TYL

Jefferies Financial Group Inc. cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 60.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the technology company’s stock after selling 2,483 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Tyler Technologies were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Tyler Technologies in the 3rd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Tyler Technologies during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Geneos Wealth Management Inc. lifted its stake in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the period. Finally, Quent Capital LLC purchased a new stake in Tyler Technologies in the third quarter worth $49,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following the sale, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This trade represents a 40.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,674 shares of company stock valued at $2,540,228. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Trading Down 0.8%

Shares of Tyler Technologies stock opened at $345.59 on Friday. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34. The firm has a market capitalization of $14.86 billion, a P/E ratio of 48.00, a P/E/G ratio of 2.34 and a beta of 0.90. The business has a fifty day simple moving average of $379.75 and a two-hundred day simple moving average of $455.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results 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). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same quarter in the previous year, the business earned $2.43 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

TYL has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $467.54.

Tyler Technologies Company 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.