Tyler Technologies, Inc. $TYL Holdings Cut by TD Asset Management Inc

TD Asset Management Inc decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,876 shares of the technology company’s stock after selling 27,234 shares during the quarter. TD Asset Management Inc’s holdings in Tyler Technologies were worth $82,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Leelyn Smith LLC increased its stake in shares of Tyler Technologies by 0.9% during the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock worth $1,234,000 after purchasing an additional 19 shares during the last quarter. Mather Group LLC. grew its stake in Tyler Technologies by 5.3% in the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after buying an additional 19 shares during the last quarter. Allworth Financial LP grew its stake in Tyler Technologies by 9.1% in the 1st quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock valued at $153,000 after buying an additional 24 shares during the last quarter. Meridian Wealth Management LLC grew its stake in Tyler Technologies by 2.9% in the 1st quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock valued at $537,000 after buying an additional 26 shares during the last quarter. Finally, Prudential PLC grew its stake in Tyler Technologies by 2.3% in the 1st quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. DA Davidson reduced their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a report on Friday, October 10th. 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $686.00.

Tyler Technologies Trading Down 0.0%

Shares of NYSE TYL opened at $506.32 on Wednesday. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The company has a market cap of $21.90 billion, a PE ratio of 72.33, a P/E/G ratio of 3.88 and a beta of 0.89. The company has a 50-day moving average of $544.85 and a two-hundred day moving average of $559.84.

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

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred 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 completion of the sale, the director owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $11,148,043 in the last quarter. 1.10% of the stock is owned by company 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.