Tyler Technologies, Inc. $TYL Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 54.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379 shares of the technology company’s stock after selling 450 shares during the period. Frank Rimerman Advisors LLC’s holdings in Tyler Technologies were worth $225,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TYL. Generali Asset Management SPA SGR purchased a new stake in shares of Tyler Technologies during the 2nd quarter worth $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies in the first quarter valued at about $38,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the first quarter valued at about $38,000. Geneos Wealth Management Inc. boosted its holdings in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares in the last quarter. Finally, Eastern Bank grew its position in Tyler Technologies by 870.0% during the first quarter. Eastern Bank now owns 97 shares of the technology company’s stock worth $56,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $472.50 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $450.00 and a fifty-two week high of $661.31. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 65.72, a PEG ratio of 3.67 and a beta of 0.93. The stock has a fifty day moving average of $498.32 and a two-hundred day moving average of $545.82.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TYL shares. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research report on Friday, October 31st. Oppenheimer restated an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, Evercore ISI restated a “positive” rating on shares of Tyler Technologies 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $660.09.

Insider Activity

In other news, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. This represents a 36.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,000 shares of company stock worth $5,007,328 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

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.