West Tower Group LLC Acquires 100 Shares of Tyler Technologies, Inc. $TYL

West Tower Group LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,175 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Tyler Technologies makes up 2.8% of West Tower Group LLC’s holdings, making the stock its 8th largest position. West Tower Group LLC’s holdings in Tyler Technologies were worth $1,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC increased its holdings in shares of Tyler Technologies by 16.2% during the second quarter. William Blair Investment Management LLC now owns 358,474 shares of the technology company’s stock valued at $212,518,000 after purchasing an additional 49,915 shares during the period. Chevy Chase Trust Holdings LLC grew its position in Tyler Technologies by 1.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 22,777 shares of the technology company’s stock valued at $13,503,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA increased its stake in Tyler Technologies by 18.9% during the 2nd quarter. Private Trust Co. NA now owns 170 shares of the technology company’s stock valued at $101,000 after buying an additional 27 shares during the period. Nordea Investment Management AB raised its position in shares of Tyler Technologies by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after buying an additional 20 shares in the last quarter. Finally, S Bank Fund Management Ltd raised its position in shares of Tyler Technologies by 13.7% during the 2nd quarter. S Bank Fund Management Ltd now owns 332 shares of the technology company’s stock worth $197,000 after buying an additional 40 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 19,500 shares of company stock valued at $11,148,043. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $505.16 on Monday. Tyler Technologies, Inc. has a one year low of $483.56 and a one year high of $661.31. The stock has a fifty day moving average of $538.80 and a 200-day moving average of $558.06. 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.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TYL. DA Davidson decreased their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Nine 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 an average rating of “Moderate Buy” and an average target price 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.