HB Wealth Management LLC Has $4.10 Million Stake in Tyler Technologies, Inc. $TYL

HB Wealth Management LLC lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 49.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,843 shares of the technology company’s stock after buying an additional 2,607 shares during the quarter. HB Wealth Management LLC’s holdings in Tyler Technologies were worth $4,103,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR acquired a new stake in Tyler Technologies in the second quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Tyler Technologies during the 2nd quarter valued at $32,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at $38,000. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 40 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in Tyler Technologies by 390.9% during the second quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock worth $64,000 after buying an additional 86 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TYL shares. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research report on Friday, October 31st. BTIG Research began coverage on Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. TD Cowen began coverage on shares of Tyler Technologies in a research note on Friday, December 12th. They issued a “buy” rating and a $650.00 price objective for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $632.21.

Tyler Technologies Trading Down 1.1%

Shares of Tyler Technologies stock opened at $448.64 on Friday. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 3.07 and a beta of 0.91. Tyler Technologies, Inc. has a 1 year low of $430.00 and a 1 year high of $661.31. The company’s fifty day simple moving average is $459.86 and its 200-day simple moving average is $517.74.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The firm 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 firm earned $2.52 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were 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 approximately $7,691,049.48. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,500 shares of company stock worth $1,605,605. 1.10% of the stock is 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.