CX Institutional Purchases 47 Shares of Tyler Technologies, Inc. $TYL

CX Institutional grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 350 shares of the technology company’s stock after acquiring an additional 47 shares during the quarter. CX Institutional’s holdings in Tyler Technologies were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TYL. Retirement Wealth Solutions LLC bought a new stake in Tyler Technologies in the first quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after buying an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Tyler Technologies in the first quarter worth $38,000. Finally, Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the first quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,500 shares of company stock worth $11,148,043. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of analyst reports. Barclays raised their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Cantor Fitzgerald started coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price target for the company. Finally, DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $688.27.

Tyler Technologies Stock Up 1.6%

TYL stock opened at $530.77 on Friday. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 75.82, a PEG ratio of 4.06 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The business’s fifty day simple moving average is $560.11 and its two-hundred day simple moving average is $565.33.

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

Tyler Technologies Company 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.