Tyler Technologies, Inc. $TYL Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 812 shares of the technology company’s stock after selling 426 shares during the period. EntryPoint Capital LLC’s holdings in Tyler Technologies were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock worth $3,173,903,000 after acquiring an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock worth $580,766,000 after purchasing an additional 59,554 shares in the last quarter. GAMMA Investing LLC lifted its stake in Tyler Technologies by 57,694.7% during the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company’s stock valued at $510,739,000 after purchasing an additional 876,960 shares during the last quarter. Northern Trust Corp boosted its holdings in Tyler Technologies by 13.9% during the fourth quarter. Northern Trust Corp now owns 497,367 shares of the technology company’s stock worth $286,802,000 after buying an additional 60,654 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock worth $279,117,000 after buying an additional 14,219 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on TYL. Robert W. Baird decreased their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Piper Sandler decreased their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $688.27.

Tyler Technologies Price Performance

TYL stock opened at $567.3350 on Thursday. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The company’s 50 day simple moving average is $576.11 and its 200-day simple moving average is $577.83. The firm has a market capitalization of $24.54 billion, a P/E ratio of 81.05, a P/E/G ratio of 4.38 and a beta of 0.85.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the previous year, the business earned $2.40 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider owned 247 shares in the company, valued at $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,102 shares of company stock worth $14,028,884 over the last 90 days. 1.10% of the stock is owned by company insiders.

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.