Apella Capital LLC Invests $1.55 Million in Tyler Technologies, Inc. $TYL

Apella Capital LLC purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,420 shares of the technology company’s stock, valued at approximately $1,553,000.

Several other large investors also recently modified their holdings of the stock. Y.D. More Investments Ltd purchased a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $1,922,000. Signaturefd LLC boosted its holdings in Tyler Technologies by 4.4% in the 4th quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock worth $291,000 after buying an additional 27 shares during the period. Stratos Wealth Partners LTD. bought a new position in Tyler Technologies in the 4th quarter worth approximately $284,000. Perpetual Ltd boosted its holdings in Tyler Technologies by 13.4% in the 4th quarter. Perpetual Ltd now owns 1,325 shares of the technology company’s stock worth $601,000 after buying an additional 157 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Tyler Technologies by 1.9% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 16,406 shares of the technology company’s stock worth $7,448,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was bought at an average cost of $325.08 per share, with a total value of $198,298.80. Following the acquisition, the insider owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the sale, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,298 shares of company stock worth $2,658,721 in the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $333.54 on Wednesday. The firm has a fifty day moving average price of $343.99 and a two-hundred day moving average price of $427.53. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 2.27 and a beta of 0.92.

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

Analyst Ratings Changes

Several research firms recently commented on TYL. The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 3rd. Barclays cut their price objective on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a report on Friday, February 13th. BTIG Research cut their price objective on shares of Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Tyler Technologies Company 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.