Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Tyler Technologies, Inc. $TYL

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,379 shares of the technology company’s stock after purchasing an additional 213 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tyler Technologies were worth $13,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in Tyler Technologies by 5.3% in the second quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock worth $225,000 after purchasing an additional 19 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Tyler Technologies by 2.1% in the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock worth $558,000 after buying an additional 19 shares during the period. Nordea Investment Management AB lifted its stake in shares of Tyler Technologies by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after acquiring an additional 20 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Tyler Technologies by 3.9% during the 2nd quarter. Wealth Alliance LLC now owns 688 shares of the technology company’s stock worth $408,000 after acquiring an additional 26 shares during the last quarter. Finally, Prudential PLC boosted its holdings in Tyler Technologies by 2.3% during the 1st quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after acquiring an additional 27 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,000 shares of company stock valued at $5,007,328. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $465.18 on Thursday. Tyler Technologies, Inc. has a one year low of $450.00 and a one year high of $661.31. The firm has a market cap of $20.02 billion, a P/E ratio of 64.70, a P/E/G ratio of 3.67 and a beta of 0.93. The firm has a 50-day simple moving average of $501.53 and a 200-day simple moving average of $546.92.

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

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent analyst reports. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $660.09.

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.