HB Wealth Management LLC Purchases 862 Shares of Tyler Technologies, Inc. $TYL

HB Wealth Management LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 19.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,236 shares of the technology company’s stock after purchasing an additional 862 shares during the quarter. HB Wealth Management LLC’s holdings in Tyler Technologies were worth $3,104,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TYL. Two Sigma Advisers LP bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $231,000. Czech National Bank grew its stake in shares of Tyler Technologies by 5.9% during the 1st quarter. Czech National Bank now owns 9,830 shares of the technology company’s stock valued at $5,715,000 after acquiring an additional 550 shares during the period. Merit Financial Group LLC grew its stake in shares of Tyler Technologies by 28.0% during the 1st quarter. Merit Financial Group LLC now owns 677 shares of the technology company’s stock valued at $394,000 after acquiring an additional 148 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Tyler Technologies by 255.0% during the 1st quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company’s stock valued at $41,000 after acquiring an additional 51 shares during the period. Finally, Portside Wealth Group LLC grew its stake in shares of Tyler Technologies by 7.4% during the 1st quarter. Portside Wealth Group LLC now owns 476 shares of the technology company’s stock valued at $274,000 after acquiring an additional 33 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TYL shares. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $688.27.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,879,265.99. This represents a 37.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Down 4.1%

NYSE TYL opened at $501.70 on Thursday. The stock’s 50 day moving average is $557.44 and its 200 day moving average is $564.45. Tyler Technologies, Inc. has a 12 month low of $498.58 and a 12 month high of $661.31. The stock has a market cap of $21.70 billion, a PE ratio of 71.67, a P/E/G ratio of 4.01 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company had revenue of $584.01 million for the quarter, compared to analysts’ expectations of $587.59 million. During the same period in the previous year, the firm earned $2.40 EPS. The firm’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. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.