Johnson Investment Counsel Inc. Has $8.78 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Johnson Investment Counsel Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,810 shares of the technology company’s stock after purchasing an additional 1,383 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Tyler Technologies were worth $8,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock worth $3,173,903,000 after buying an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Tyler Technologies by 6.3% in the first 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 during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tyler Technologies by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 14,219 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tyler Technologies by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock worth $249,012,000 after purchasing an additional 62,889 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Tyler Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after purchasing an additional 3,894 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $503.11 on Monday. Tyler Technologies, Inc. has a one year low of $483.56 and a one year high of $661.31. The business has a fifty day moving average price of $548.79 and a 200-day moving average price of $560.71. The firm has a market capitalization of $21.76 billion, a P/E ratio of 71.87, a PEG ratio of 3.87 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $587.59 million. During the same period last year, the company earned $2.40 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $11,148,043 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TYL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Tyler Technologies in a research note on Saturday, September 27th. DA Davidson reduced their target price on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a report on Friday. Barclays upped their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $686.00.

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.