Arrowstreet Capital Limited Partnership Decreases Stake in Tyler Technologies, Inc. $TYL

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 38.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,726 shares of the technology company’s stock after selling 18,902 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.07% of Tyler Technologies worth $17,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mather Group LLC. grew its stake in shares of Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock worth $225,000 after purchasing an additional 19 shares during the period. Meridian Wealth Management LLC boosted its holdings in Tyler Technologies by 2.1% during the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock worth $558,000 after buying an additional 19 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after buying an additional 20 shares in the last quarter. Wealth Alliance LLC grew its position in Tyler Technologies by 3.9% during the second quarter. Wealth Alliance LLC now owns 688 shares of the technology company’s stock worth $408,000 after buying an additional 26 shares during the period. Finally, Prudential PLC increased its holdings in Tyler Technologies by 2.3% in the first quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the transaction, the chief financial officer directly owned 12,781 shares in the company, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,750 shares of company stock valued at $3,115,405. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TYL. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 30th. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. DA Davidson lowered their target price on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Trading Up 0.6%

Shares of TYL stock opened at $469.30 on Monday. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 65.27, a PEG ratio of 3.57 and a beta of 0.91. The firm has a 50-day moving average price of $485.01 and a 200 day moving average price of $538.38. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 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 net margin of 13.72% and a return on equity of 10.57%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

About Tyler Technologies

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.