Tyler Technologies, Inc. $TYL Stock Holdings Lifted by Goodman Advisory Group LLC

Goodman Advisory Group LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 259.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,775 shares of the technology company’s stock after acquiring an additional 7,777 shares during the quarter. Tyler Technologies makes up 2.2% of Goodman Advisory Group LLC’s holdings, making the stock its 16th largest holding. Goodman Advisory Group LLC’s holdings in Tyler Technologies were worth $6,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of TYL. Generali Asset Management SPA SGR acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Tyler Technologies during the second quarter valued at about $32,000. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the first quarter worth about $38,000. Geneos Wealth Management Inc. increased 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 worth $40,000 after acquiring an additional 40 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of Tyler Technologies by 390.9% in the second quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock worth $64,000 after acquiring an additional 86 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TYL shares. Cowen began coverage on shares of Tyler Technologies in a research note on Friday. They issued a “buy” rating for the company. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson dropped their price target on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird set a $660.00 price objective on Tyler Technologies in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $656.75.

Tyler Technologies Trading Up 0.4%

NYSE TYL opened at $455.48 on Friday. Tyler Technologies, Inc. has a 1-year low of $450.00 and a 1-year high of $661.31. The firm’s fifty day simple moving average is $479.47 and its 200-day simple moving average is $534.62. The company has a market capitalization of $19.60 billion, a PE ratio of 63.35, a price-to-earnings-growth ratio of 3.47 and a beta of 0.91.

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

Insider Activity at Tyler Technologies

In related 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 transaction, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at $5,995,311.48. This represents a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

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.