Andra AP fonden Buys New Stake in Tyler Technologies, Inc. $TYL

Andra AP fonden purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,519 shares of the technology company’s stock, valued at approximately $1,493,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TYL. Leelyn Smith LLC boosted its stake in shares of Tyler Technologies by 0.9% during the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock worth $1,234,000 after acquiring an additional 19 shares in the last quarter. Mather Group LLC. increased its stake in shares of Tyler Technologies by 5.3% in the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares in the last quarter. Nordea Investment Management AB raised its holdings 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 worth $2,068,000 after purchasing an additional 20 shares during the period. Allworth Financial LP boosted its position in Tyler Technologies by 9.1% during the first quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock worth $153,000 after purchasing an additional 24 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its holdings in Tyler Technologies by 2.9% in the first quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock valued at $537,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of several research analyst reports. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research note on Friday, October 31st. Barclays boosted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, DA Davidson decreased their price target on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Insiders Place Their Bets

In other news, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction 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. The trade was a 37.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,250 shares of company stock valued at $8,099,000 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $463.43 on Friday. The business’s 50 day moving average price is $516.00 and its 200 day moving average price is $551.01. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 64.46, a PEG ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a one year low of $450.00 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies Company 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.