Procyon Advisors LLC Purchases 3,486 Shares of Tyler Technologies, Inc. $TYL

Procyon Advisors LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 889.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,878 shares of the technology company’s stock after buying an additional 3,486 shares during the period. Procyon Advisors LLC’s holdings in Tyler Technologies were worth $1,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its stake in shares of Tyler Technologies by 4.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,111 shares of the technology company’s stock worth $504,000 after acquiring an additional 49 shares in the last quarter. City Center Advisors LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $401,000. GAMMA Investing LLC boosted its stake in shares of Tyler Technologies by 5.1% in the 4th quarter. GAMMA Investing LLC now owns 1,863 shares of the technology company’s stock valued at $846,000 after purchasing an additional 90 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in shares of Tyler Technologies by 22.9% during the 3rd quarter. Strategic Investment Advisors MI now owns 2,723 shares of the technology company’s stock valued at $1,424,000 after purchasing an additional 508 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Tyler Technologies by 17.0% during the 3rd quarter. Allworth Financial LP now owns 317 shares of the technology company’s stock valued at $166,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the sale, the director owned 5,298 shares in the company, valued at approximately $1,849,743.72. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer owned 7,754 shares in the company, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,298 shares of company stock valued at $2,658,721 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $325.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. TD Cowen decreased their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research note on Friday, February 13th. Finally, Oppenheimer dropped their target price on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $467.54.

Tyler Technologies Stock Up 0.2%

Shares of TYL opened at $350.83 on Monday. The stock has a market capitalization of $15.08 billion, a P/E ratio of 48.73, a PEG ratio of 2.35 and a beta of 0.90. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34. The firm has a fifty day simple moving average of $368.20 and a two-hundred day simple moving average of $445.12.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). The firm had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. Tyler Technologies’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

About Tyler Technologies

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.