Avalon Trust Co Sells 1,006 Shares of Tyler Technologies, Inc. $TYL

Avalon Trust Co lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,664 shares of the technology company’s stock after selling 1,006 shares during the period. Avalon Trust Co’s holdings in Tyler Technologies were worth $11,658,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies in the 1st quarter worth approximately $38,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Geneos Wealth Management Inc. boosted its position in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction 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 completion of the transaction, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,000 shares of company stock valued at $5,007,328 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Down 0.8%

TYL stock opened at $466.24 on Thursday. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31. The company has a market cap of $20.06 billion, a PE ratio of 64.85, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. The business’s 50-day simple moving average is $510.64 and its 200 day simple moving average is $549.45.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TYL. DA Davidson reduced their price objective on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Oppenheimer reissued an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $660.09.

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.