Tyler Technologies, Inc. $TYL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 55.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,384 shares of the technology company’s stock after selling 8,041 shares during the period. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $3,785,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC lifted its position in Tyler Technologies by 10.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company’s stock worth $380,000 after acquiring an additional 70 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Tyler Technologies by 7.8% during the second quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after purchasing an additional 834 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Tyler Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after purchasing an additional 3,894 shares during the period. Andra AP fonden purchased a new position in shares of Tyler Technologies in the second quarter valued at $1,493,000. Finally, Lazard Freres Gestion S.A.S. acquired a new stake in Tyler Technologies during the 2nd quarter valued at $1,185,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 0.8%

Shares of NYSE TYL opened at $466.86 on Wednesday. The stock’s 50 day moving average price is $503.15 and its two-hundred day moving average price is $547.49. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The stock has a market capitalization of $20.09 billion, a P/E ratio of 64.93, a PEG ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the business earned $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. On average, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TYL. Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a research report on Friday, October 31st. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. DA Davidson lowered their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. Finally, UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $660.09.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the sale, the insider owned 6,983 shares in the company, valued at $3,915,018.95. This represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the firm’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 completion of the transaction, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,000 shares of company stock worth $5,007,328 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.