Baird Financial Group Inc. Cuts Position in Tyler Technologies, Inc. $TYL

Baird Financial Group Inc. lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,831 shares of the technology company’s stock after selling 6,898 shares during the quarter. Baird Financial Group Inc. owned approximately 0.20% of Tyler Technologies worth $52,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Generali Asset Management SPA SGR acquired a new stake in Tyler Technologies in the 2nd quarter valued at $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in Tyler Technologies during the second quarter worth $32,000. Zions Bancorporation National Association UT purchased a new position in Tyler Technologies during the first quarter valued at $38,000. Advisors Asset Management Inc. purchased a new position in Tyler Technologies during the first quarter valued at $38,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Trading Up 1.0%

Shares of TYL stock opened at $466.42 on Friday. The company’s 50-day moving average price is $486.24 and its 200-day moving average price is $539.56. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 64.87, a PEG ratio of 3.52 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. Tyler Technologies’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research report on Friday, October 31st. Finally, DA Davidson reduced their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $660.09.

Insider Activity

In other news, Director Glenn A. Carter sold 750 shares of Tyler Technologies 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 sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the transaction, the insider owned 6,983 shares of the company’s stock, valued at $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,750 shares of company stock valued at $3,115,405. 1.10% of the stock is currently owned by company insiders.

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.