Tyler Technologies, Inc. $TYL Shares Acquired by S Bank Fund Management Ltd

S Bank Fund Management Ltd boosted its position in Tyler Technologies, Inc. (NYSE:TYL) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 332 shares of the technology company’s stock after acquiring an additional 40 shares during the quarter. S Bank Fund Management Ltd’s holdings in Tyler Technologies were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Exchange Traded Concepts LLC boosted its holdings in Tyler Technologies by 12.6% in the first quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company’s stock valued at $291,000 after acquiring an additional 56 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Tyler Technologies by 14.5% in the first quarter. QRG Capital Management Inc. now owns 1,375 shares of the technology company’s stock valued at $799,000 after acquiring an additional 174 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Tyler Technologies by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,012 shares of the technology company’s stock valued at $2,913,000 after acquiring an additional 130 shares during the last quarter. Vanderbilt University acquired a new position in Tyler Technologies in the first quarter valued at $3,483,000. Finally, Norway Savings Bank boosted its holdings in Tyler Technologies by 3.4% in the first quarter. Norway Savings Bank now owns 4,232 shares of the technology company’s stock valued at $2,460,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TYL. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson dropped their target price on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday. Finally, Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 over the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Down 1.1%

Shares of Tyler Technologies stock opened at $496.38 on Friday. The firm has a market cap of $21.47 billion, a P/E ratio of 70.91, a P/E/G ratio of 3.85 and a beta of 0.89. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The business has a 50-day moving average price of $540.57 and a 200 day moving average price of $558.85.

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. The firm had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities 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.