Tyler Technologies, Inc. $TYL Position Cut by Cavalier Investments LLC

Cavalier Investments LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,555 shares of the technology company’s stock after selling 23 shares during the quarter. Cavalier Investments LLC’s holdings in Tyler Technologies were worth $922,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC lifted its position in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after purchasing an additional 41 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $30,000. Cornerstone Planning Group LLC increased 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 valued at $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $38,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.7%

Shares of Tyler Technologies stock opened at $518.77 on Wednesday. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of 74.11, a price-to-earnings-growth ratio of 3.91 and a beta of 0.89. The business has a fifty day simple moving average of $536.40 and a 200-day simple moving average of $557.59. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last released 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. 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 earned $2.40 earnings per share. Tyler Technologies’s 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. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TYL. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. DA Davidson decreased their price target on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Nine investment 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, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies 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 transaction, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the 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 sale, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $11,148,043 in the last quarter. Insiders own 1.10% of the company’s stock.

Tyler Technologies 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.