Cookson Peirce & Co. Inc. Has $13.49 Million Holdings in Tyler Technologies, Inc. $TYL

Cookson Peirce & Co. Inc. grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,751 shares of the technology company’s stock after acquiring an additional 686 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Tyler Technologies were worth $13,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its position in Tyler Technologies by 1.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,282 shares of the technology company’s stock worth $2,483,000 after acquiring an additional 53 shares during the last quarter. Stephens Inc. AR lifted its position in Tyler Technologies by 2.0% during the second quarter. Stephens Inc. AR now owns 3,048 shares of the technology company’s stock worth $1,807,000 after acquiring an additional 59 shares during the last quarter. West Tower Group LLC lifted its position in Tyler Technologies by 4.8% during the second quarter. West Tower Group LLC now owns 2,175 shares of the technology company’s stock worth $1,289,000 after acquiring an additional 100 shares during the last quarter. William Blair Investment Management LLC lifted its position in Tyler Technologies by 16.2% during the second quarter. William Blair Investment Management LLC now owns 358,474 shares of the technology company’s stock worth $212,518,000 after acquiring an additional 49,915 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its position in Tyler Technologies by 1.5% during the second quarter. Chevy Chase Trust Holdings LLC now owns 22,777 shares of the technology company’s stock worth $13,503,000 after acquiring an additional 332 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TYL. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. DA Davidson dropped their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $686.00.

Tyler Technologies Trading Up 1.7%

NYSE TYL opened at $518.77 on Wednesday. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The company has a 50 day moving average of $536.40 and a 200-day moving average of $557.59. The company has a market cap of $22.44 billion, a price-to-earnings ratio of 74.11, a PEG ratio of 3.91 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million for the quarter, compared to analysts’ expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction that occurred on 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 transaction, the insider directly owned 6,983 shares of the company’s stock, valued at $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, 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. Insiders have sold 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 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.