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

Roundview Capital LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 6.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,949 shares of the technology company’s stock after selling 124 shares during the quarter. Roundview Capital LLC’s holdings in Tyler Technologies were worth $1,155,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC grew its stake 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 acquiring an additional 41 shares in the last quarter. Cornerstone Planning Group LLC grew its stake 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 acquiring an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Tyler Technologies in the first quarter worth $38,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the 1st quarter worth $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.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 over the last ninety days. Insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL opened at $485.85 on Wednesday. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The stock has a market cap of $21.02 billion, a PE ratio of 69.41, a price-to-earnings-growth ratio of 3.81 and a beta of 0.89. The firm has a fifty day moving average price of $552.66 and a 200 day moving average price of $562.26.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share 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 firm had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. During the same period in the previous year, the company earned $2.40 earnings per share. Tyler Technologies’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. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TYL. Barclays lifted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. Finally, DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $688.27.

About Tyler Technologies

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.