Tritonpoint Wealth LLC Has $899,000 Holdings in Tyler Technologies, Inc. $TYL

Tritonpoint Wealth LLC lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,516 shares of the technology company’s stock after selling 85 shares during the period. Tritonpoint Wealth LLC’s holdings in Tyler Technologies were worth $899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYL. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of 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 shares of 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 acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TYL. Barclays boosted their price objective 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 began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 price objective for the company. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $688.27.

Insider Activity at Tyler Technologies

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

Tyler Technologies Stock Up 1.6%

Shares of TYL opened at $530.77 on Monday. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 75.82, a P/E/G ratio of 4.06 and a beta of 0.89. The stock’s 50-day moving average price is $560.11 and its 200 day moving average price is $565.42.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period in the previous year, the company posted $2.40 earnings per share. The company’s quarterly 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. Equities 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.