423 Shares in Tyler Technologies, Inc. $TYL Purchased by Summitry LLC

Summitry LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 423 shares of the technology company’s stock, valued at approximately $251,000.

Other institutional investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies during the second quarter valued at $30,000. Zions Bancorporation National Association UT bought a new position in Tyler Technologies in the first quarter valued at about $38,000. Advisors Asset Management Inc. bought a new position in Tyler Technologies in the first quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.3%

NYSE:TYL opened at $467.95 on Monday. The business’s 50-day simple moving average is $507.04 and its two-hundred day simple moving average is $548.63. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31. The stock has a market cap of $20.13 billion, a PE ratio of 65.08, a P/E/G ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter last year, the business posted $2.52 earnings per share. The firm’s 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. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TYL shares. Oppenheimer reiterated an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a research report on Thursday, October 30th. Robert W. Baird set a $660.00 target price on Tyler Technologies in a report on Friday, October 31st. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, DA Davidson lowered their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $660.09.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the transaction, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,000 shares of company stock worth $5,007,328 in the last three months. Insiders own 1.10% of the company’s stock.

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.