Atria Wealth Solutions Inc. Decreases Stake in Tyler Technologies, Inc. $TYL

Atria Wealth Solutions Inc. lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 36.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,421 shares of the technology company’s stock after selling 808 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Tyler Technologies were worth $842,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after purchasing an additional 148,762 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock valued at $580,766,000 after purchasing an additional 59,554 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tyler Technologies by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock valued at $279,117,000 after purchasing an additional 14,219 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tyler Technologies by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Tyler Technologies by 0.9% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’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 completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TYL. DA Davidson cut their target price on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Barclays increased their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $686.00.

Tyler Technologies Stock Up 1.7%

TYL opened at $505.16 on Friday. The company’s 50-day moving average price is $538.80 and its 200 day moving average price is $558.14. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 72.17, a price-to-earnings-growth ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $587.59 million. During the same quarter last year, the business earned $2.40 earnings per share. Tyler Technologies’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.