Ballentine Partners LLC Acquires New Stake in Tyler Technologies, Inc. $TYL

Ballentine Partners LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 361 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TYL. Jones Financial Companies Lllp raised its position in Tyler Technologies by 17,308.3% in the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after purchasing an additional 226,566 shares in the last quarter. Vanguard Group Inc. raised its position in Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after purchasing an additional 148,762 shares in the last quarter. Nuveen LLC acquired a new stake in Tyler Technologies in the 1st quarter valued at about $57,108,000. TCW Group Inc. raised its position in Tyler Technologies by 144.0% in the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock valued at $88,822,000 after purchasing an additional 90,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Tyler Technologies by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $688.27.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the transaction, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Down 0.1%

Tyler Technologies stock opened at $529.31 on Tuesday. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The stock has a 50 day moving average of $559.49 and a two-hundred day moving average of $565.18. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 75.62, a PEG ratio of 4.06 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $587.59 million. During the same period last year, the firm earned $2.40 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.