Tyler Technologies, Inc. $TYL Stock Holdings Lowered by Bank of Montreal Can

Bank of Montreal Can cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 29.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,754 shares of the technology company’s stock after selling 7,672 shares during the quarter. Bank of Montreal Can’s holdings in Tyler Technologies were worth $11,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TYL. HighPoint Advisor Group LLC lifted its stake in Tyler Technologies by 10.9% during the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company’s stock valued at $380,000 after purchasing an additional 70 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in Tyler Technologies in the second quarter worth approximately $1,185,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Tyler Technologies by 61.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,747 shares of the technology company’s stock valued at $5,778,000 after buying an additional 3,699 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Tyler Technologies during the 2nd quarter valued at $682,000. Finally, William Blair Investment Management LLC lifted its position in shares of Tyler Technologies by 16.2% during the 2nd quarter. William Blair Investment Management LLC now owns 358,474 shares of the technology company’s stock valued at $212,518,000 after acquiring an additional 49,915 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research report on Friday, October 31st. DA Davidson dropped their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $660.09.

Tyler Technologies Price Performance

Shares of TYL opened at $463.43 on Friday. The business’s 50-day moving average is $516.00 and its 200-day moving average is $551.01. The company has a market capitalization of $19.94 billion, a price-to-earnings ratio of 64.46, a P/E/G ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a fifty-two week low of $450.00 and a fifty-two week high of $661.31.

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

Insider Activity

In other news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction 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 transaction, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,250 shares of company stock worth $8,099,000 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.