SG Americas Securities LLC Purchases 8,439 Shares of Tyler Technologies, Inc. $TYL

SG Americas Securities LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 132.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,823 shares of the technology company’s stock after purchasing an additional 8,439 shares during the period. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $7,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. DLD Asset Management LP bought a new stake in Tyler Technologies in the 2nd quarter valued at $5,780,190,000. Vanguard Group Inc. grew its stake in shares of Tyler Technologies by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock valued at $3,302,190,000 after acquiring an additional 110,957 shares in the last quarter. State Street Corp increased its position in Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after acquiring an additional 81,679 shares during the period. Geode Capital Management LLC increased its position in Tyler Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after acquiring an additional 30,686 shares during the period. Finally, Norges Bank acquired a new stake in Tyler Technologies in the 2nd quarter worth about $712,276,000. 93.30% of the stock is currently owned by institutional investors.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. This represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the transaction, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,500 shares of company stock worth $1,605,605 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $448.64 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $430.00 and a fifty-two week high of $661.31. The stock’s fifty day moving average price is $459.86 and its two-hundred day moving average price is $517.74. The company has a market cap of $19.30 billion, a PE ratio of 62.40, a P/E/G ratio of 3.07 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the prior year, the company earned $2.52 EPS. Tyler Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating and a $650.00 target price on the stock. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. BTIG Research started coverage on Tyler Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Finally, Robert W. Baird set a $660.00 price target on Tyler Technologies in a research report on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $632.21.

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.