AlTi Global Inc. Acquires Shares of 1,674 Tyler Technologies, Inc. $TYL

AlTi Global Inc. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,674 shares of the technology company’s stock, valued at approximately $876,000.

A number of other institutional investors have also modified their holdings of the business. Meridian Wealth Management LLC grew its position in Tyler Technologies by 2.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock worth $558,000 after purchasing an additional 19 shares during the last quarter. Cerity Partners LLC increased its position in Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 19 shares during the period. Nordea Investment Management AB increased its position in Tyler Technologies by 0.6% in the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after acquiring an additional 20 shares during the period. Signaturefd LLC increased its position in Tyler Technologies by 3.9% in the 3rd quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock valued at $321,000 after acquiring an additional 23 shares during the period. Finally, Citizens Financial Group Inc. RI raised its stake in Tyler Technologies by 5.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock valued at $228,000 after acquiring an additional 24 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 1.5%

Shares of TYL opened at $360.62 on Wednesday. Tyler Technologies, Inc. has a twelve month low of $320.23 and a twelve month high of $661.31. The firm has a market capitalization of $15.52 billion, a P/E ratio of 50.16, a PEG ratio of 2.39 and a beta of 0.91. The firm’s 50-day moving average is $432.55 and its two-hundred day moving average is $490.73.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. The trade was a 13.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares in the company, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,500 shares of company stock valued at $1,605,605 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TYL. Wells Fargo & Company dropped their target price on Tyler Technologies from $470.00 to $420.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. The Goldman Sachs Group assumed coverage on shares of Tyler Technologies in a research report on Tuesday, January 13th. They issued a “buy” rating and a $560.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of Tyler Technologies in a research report on Wednesday, January 7th. They set a “buy” rating and a $550.00 price objective for the company. Evercore reaffirmed a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Tyler Technologies in a research note on Wednesday, February 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $601.14.

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.