Sequoia Financial Advisors LLC Has $812,000 Position in Tyler Technologies, Inc. $TYL

Sequoia Financial Advisors LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 34.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,369 shares of the technology company’s stock after purchasing an additional 352 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Tyler Technologies were worth $812,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. 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 valued at $3,173,903,000 after purchasing an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock valued at $580,766,000 after purchasing an additional 59,554 shares during the period. JPMorgan Chase & Co. raised its stake in Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock valued at $279,117,000 after purchasing an additional 14,219 shares during the period. Goldman Sachs Group Inc. raised its stake in Tyler Technologies by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares during the period. Finally, Blair William & Co. IL raised its stake in Tyler Technologies by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after purchasing an additional 3,894 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 1.7%

NYSE TYL opened at $505.16 on Friday. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The company has a market capitalization of $21.85 billion, a PE ratio of 72.17, a price-to-earnings-growth ratio of 3.88 and a beta of 0.89. The firm’s fifty day simple moving average is $538.80 and its 200-day simple moving average is $558.14.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on TYL. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, DA Davidson dropped their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the transaction, the insider directly owned 6,983 shares in the company, valued at $3,879,265.99. The trade was 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 valued at $11,148,043 over the last three months. 1.10% of the stock is currently owned by insiders.

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.