1,150 Shares in Tyler Technologies, Inc. $TYL Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, HoldingsChannel reports. The fund bought 1,150 shares of the technology company’s stock, valued at approximately $682,000.

A number of other hedge funds have also bought and sold shares of TYL. CX Institutional purchased a new position in Tyler Technologies in the 1st quarter worth about $176,000. Simon Quick Advisors LLC purchased a new position in Tyler Technologies in the 1st quarter worth about $234,000. Fifth Third Bancorp raised its position in Tyler Technologies by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 1,468 shares of the technology company’s stock worth $853,000 after buying an additional 312 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Tyler Technologies in the 1st quarter worth about $221,000. Finally, Exchange Traded Concepts LLC raised its position in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company’s stock worth $291,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.8%

NYSE TYL opened at $508.25 on Tuesday. Tyler Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $661.31. The firm has a market capitalization of $21.99 billion, a P/E ratio of 72.61, a PEG ratio of 3.87 and a beta of 0.89. The company has a 50-day moving average price of $546.91 and a 200-day moving average price of $560.21.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on TYL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. Barclays boosted their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. DA Davidson reduced their price target 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. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $686.00.

Insider Buying and Selling at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of the 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 directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the transaction, the insider owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies 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.