Inspire Investing LLC Has $2.88 Million Stock Position in Tyler Technologies, Inc. $TYL

Inspire Investing LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 4,858 shares of the technology company’s stock after purchasing an additional 254 shares during the period. Inspire Investing LLC’s holdings in Tyler Technologies were worth $2,880,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies in the first quarter worth approximately $38,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter worth approximately $38,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TYL. DA Davidson lowered their price objective on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research note on Friday. Barclays increased their price objective on 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 reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tyler Technologies in a research note on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the 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 trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock valued at $11,148,043. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 0.7%

TYL stock opened at $503.11 on Friday. The business has a 50 day moving average of $548.79 and a 200-day moving average of $560.95. Tyler Technologies, Inc. has a 12-month low of $483.56 and a 12-month high of $661.31. The firm has a market cap of $21.76 billion, a PE ratio of 71.87, a P/E/G ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. During the same period in the prior year, the company 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. On average, research analysts expect 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.