Tyler Technologies, Inc. $TYL Shares Acquired by General American Investors Co. Inc.

General American Investors Co. Inc. raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,381 shares of the technology company’s stock after purchasing an additional 3,000 shares during the quarter. Tyler Technologies accounts for 1.3% of General American Investors Co. Inc.’s portfolio, making the stock its 22nd largest position. General American Investors Co. Inc. owned 0.10% of Tyler Technologies worth $23,218,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TYL. DLD Asset Management LP acquired a new stake in shares of Tyler Technologies during the second quarter worth approximately $5,780,190,000. Norges Bank acquired a new position in Tyler Technologies during the 2nd quarter worth $712,276,000. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock worth $3,302,190,000 after purchasing an additional 110,957 shares during the last quarter. State Street Corp raised its stake in shares of Tyler Technologies by 4.5% in the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after purchasing an additional 81,679 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Tyler Technologies by 16.2% in the 2nd quarter. William Blair Investment Management LLC now owns 358,474 shares of the technology company’s stock valued at $212,518,000 after purchasing an additional 49,915 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Glenn A. Carter sold 500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This represents a 13.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the sale, the chief financial officer owned 12,781 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on TYL. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note 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, December 9th. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a report on Wednesday, January 7th. The Goldman Sachs Group started coverage on shares of Tyler Technologies in a research note on Tuesday, January 13th. They set a “buy” rating and a $560.00 target price for the company. Finally, Piper Sandler dropped their target price on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Twelve equities 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, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $611.14.

Tyler Technologies Price Performance

Shares of TYL opened at $439.64 on Tuesday. Tyler Technologies, Inc. has a 12 month low of $427.65 and a 12 month high of $661.31. The stock has a fifty day moving average price of $454.26 and a 200 day moving average price of $505.64. The company has a market cap of $18.92 billion, a P/E ratio of 61.15, a PEG ratio of 2.94 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The company had revenue of $595.88 million during 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 company’s revenue for the quarter 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, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Tyler Technologies 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.