ProShare Advisors LLC Grows Holdings in Tyler Technologies, Inc. $TYL

ProShare Advisors LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,511 shares of the technology company’s stock after buying an additional 834 shares during the period. ProShare Advisors LLC’s holdings in Tyler Technologies were worth $6,824,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Jones Financial Companies Lllp increased its position in shares of Tyler Technologies by 17,308.3% during the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after acquiring an additional 226,566 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 during the period. Nuveen LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at $57,108,000. TCW Group Inc. raised its stake in shares of Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock worth $88,822,000 after purchasing an additional 90,172 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings 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 worth $249,012,000 after buying an additional 62,889 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the firm’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 sale, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was 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. The trade was a 36.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,000 shares of company stock worth $5,007,328. Insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

NYSE:TYL opened at $466.24 on Thursday. Tyler Technologies, Inc. has a 1 year low of $450.00 and a 1 year high of $661.31. The stock’s fifty day moving average price is $510.64 and its two-hundred day moving average price is $549.45. The company has a market cap of $20.06 billion, a P/E ratio of 64.85, a P/E/G ratio of 3.67 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of research analyst reports. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $660.09.

About Tyler Technologies

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.