Bayforest Capital Ltd Decreases Stake in Tyler Technologies, Inc. $TYL

Bayforest Capital Ltd lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 74.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 88 shares of the technology company’s stock after selling 255 shares during the quarter. Bayforest Capital Ltd’s holdings in Tyler Technologies were worth $51,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TYL. Retirement Wealth Solutions LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 1.6%

Shares of TYL opened at $545.24 on Friday. The business’s 50 day moving average is $567.17 and its two-hundred day moving average is $569.83. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 77.89, a PEG ratio of 4.25 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period in the prior year, the company posted $2.40 EPS. Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on TYL shares. Cantor Fitzgerald started coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 price target on the stock. Wall Street Zen lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, DA Davidson set a $585.00 price target on Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.27.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,750 shares of company stock worth $10,744,318. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.