Kestra Private Wealth Services LLC Buys 2,083 Shares of Tyler Technologies, Inc. $TYL

Kestra Private Wealth Services LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,083 shares of the technology company’s stock, valued at approximately $664,000.

Several other hedge funds have also bought and sold shares of TYL. Raiffeisen Bank International AG raised its stake in shares of Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock worth $28,000 after buying an additional 70 shares during the period. Quantbot Technologies LP purchased a new position in shares of Tyler Technologies during the 2nd quarter valued at about $35,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Tyler Technologies during the 2nd quarter valued at about $37,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Tyler Technologies by 75.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock valued at $50,000 after acquiring an additional 63 shares during the period. Finally, Trust Co. of Vermont bought a new position in shares of Tyler Technologies during the 2nd quarter valued at approximately $57,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

NYSE:TYL opened at $420.33 on Friday. The business’s 50-day simple moving average is $357.96 and its two-hundred day simple moving average is $336.87. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $481.57. The stock has a market cap of $16.71 billion, a PE ratio of 52.94, a P/E/G ratio of 2.77 and a beta of 0.74. 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 (NYSE:TYL) last released its quarterly earnings data 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. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The firm had revenue of $647.57 million during the quarter, compared to analyst estimates of $651.38 million. During the same quarter in the prior year, the company posted $2.91 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, Director Daniel Pope sold 680 shares of the company’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 value of $277,140.80. Following the completion of the transaction, the director directly owned 2,643 shares in the company, valued at $1,077,181.08. This represents a 20.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO H. Moore, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $393.17, for a total value of $3,931,700.00. Following the completion of the transaction, the chief executive officer owned 100,392 shares of the company’s stock, valued at $39,471,122.64. The trade was a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,430 shares of company stock valued at $14,883,788. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TYL shares. DA Davidson reissued a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Tuesday, October 27th. Guggenheim started coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. UBS Group set a $395.00 price target on shares of Tyler Technologies in a report on Saturday, August 1st. The Goldman Sachs Group upped 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, November 3rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $440.88.

Tyler Technologies Company Profile

Tyler Technologies provides software and technology services primarily to public-sector organizations. Its customers include state and local governments, courts, public safety agencies, schools, and other public entities.

The company’s offerings include software for financial management, tax and property appraisal, courts and justice, public safety, education, utility billing, and permitting. Tyler also provides digital services such as online payments and tools for public access to government information.

Founded in 1966 and headquartered in Plano, Texas, Tyler Technologies serves customers mainly in the United States, with operations and customers in other markets as well.