Tyler Technologies, Inc. $TYL Shares Acquired by Connors Investor Services Inc.

Connors Investor Services Inc. lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,733 shares of the technology company’s stock after buying an additional 198 shares during the period. Connors Investor Services Inc.’s holdings in Tyler Technologies were worth $5,177,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Leelyn Smith LLC lifted its stake in shares of Tyler Technologies by 0.9% during the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock worth $1,234,000 after buying an additional 19 shares during the period. Mather Group LLC. lifted its position in Tyler Technologies by 5.3% during the second quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares during the period. Nordea Investment Management AB lifted its position in Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after purchasing an additional 20 shares during the period. Allworth Financial LP lifted its position in Tyler Technologies by 9.1% during the first quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock valued at $153,000 after purchasing an additional 24 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in Tyler Technologies by 2.9% during the first quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock valued at $537,000 after purchasing an additional 26 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business’s stock in a transaction dated 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 directly owned 6,983 shares in the company, valued at $3,879,265.99. The trade was a 37.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. This represents a 19.12% 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 worth $11,148,043 in the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Tyler Technologies Stock Down 1.1%

TYL stock opened at $513.05 on Thursday. The stock has a market capitalization of $22.19 billion, a P/E ratio of 73.29, a P/E/G ratio of 3.98 and a beta of 0.89. The firm has a 50-day simple moving average of $535.06 and a 200-day simple moving average of $557.28. Tyler Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL) last released its 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. The business had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.