Tyler Technologies, Inc. $TYL Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,497 shares of the technology company’s stock after acquiring an additional 1,965 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Tyler Technologies were worth $64,321,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Tyler Technologies by 9.1% during the first quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock worth $153,000 after buying an additional 24 shares in the last quarter. Securian Asset Management Inc. boosted its position in Tyler Technologies by 4.4% during the first quarter. Securian Asset Management Inc. now owns 2,379 shares of the technology company’s stock worth $1,383,000 after acquiring an additional 100 shares during the last quarter. Catalyst Financial Partners LLC purchased a new stake in Tyler Technologies in the 1st quarter worth approximately $202,000. Apollon Wealth Management LLC raised its holdings in Tyler Technologies by 10.4% in the 1st quarter. Apollon Wealth Management LLC now owns 424 shares of the technology company’s stock valued at $247,000 after acquiring an additional 40 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $580,766,000 after purchasing an additional 59,554 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,000 shares of company stock valued at $5,007,328. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 1.2%

TYL opened at $470.16 on Wednesday. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The company has a 50 day moving average of $512.38 and a two-hundred day moving average of $550.04. The company has a market cap of $20.23 billion, a P/E ratio of 65.39, a P/E/G ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same quarter in the previous year, the business posted $2.52 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TYL. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson lowered their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a report on Friday, October 31st. Finally, Barclays lifted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $660.09.

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.