Corient Private Wealth LLC Has $2.81 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Corient Private Wealth LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,739 shares of the technology company’s stock after selling 3,396 shares during the period. Corient Private Wealth LLC’s holdings in Tyler Technologies were worth $2,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of Tyler Technologies by 14.8% in the 1st quarter. American Century Companies Inc. now owns 552 shares of the technology company’s stock valued at $321,000 after purchasing an additional 71 shares during the period. Kestra Advisory Services LLC boosted its position in Tyler Technologies by 2.3% during the first quarter. Kestra Advisory Services LLC now owns 9,026 shares of the technology company’s stock valued at $5,248,000 after purchasing an additional 199 shares during the last quarter. Allstate Corp grew its position in shares of Tyler Technologies by 2.3% in the 1st quarter. Allstate Corp now owns 1,267 shares of the technology company’s stock valued at $737,000 after acquiring an additional 29 shares during the period. AlphaQuest LLC increased its position in Tyler Technologies by 281.7% during the first quarter. AlphaQuest LLC now owns 1,084 shares of the technology company’s stock worth $630,000 after buying an additional 800 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Tyler Technologies by 2.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,165 shares of the technology company’s stock valued at $677,000 after acquiring an additional 30 shares during the period. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on TYL shares. Oppenheimer reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. BTIG Research started coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price target on the stock. Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, TD Cowen assumed coverage on Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating and a $650.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $649.31.

Tyler Technologies Stock Up 1.6%

Shares of NYSE:TYL opened at $465.33 on Tuesday. Tyler Technologies, Inc. has a 12-month low of $445.64 and a 12-month high of $661.31. The company’s 50 day moving average price is $473.65 and its two-hundred day moving average price is $529.34. The firm has a market cap of $20.02 billion, a PE ratio of 64.72, a PEG ratio of 3.49 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. The company 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 firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other news, Director Glenn A. Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the transaction, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. This trade represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,500 shares of company stock valued at $1,605,605. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.