DLD Asset Management LP Takes $5.78 Billion Position in Tyler Technologies, Inc. $TYL

DLD Asset Management LP bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,750,000 shares of the technology company’s stock, valued at approximately $5,780,190,000. Tyler Technologies accounts for 22.9% of DLD Asset Management LP’s investment portfolio, making the stock its largest position. DLD Asset Management LP owned 22.54% of Tyler Technologies as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Generali Asset Management SPA SGR bought a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $30,000. Zions Bancorporation National Association UT purchased a new position in Tyler Technologies in the 1st quarter worth approximately $38,000. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies during the first quarter valued at $38,000. Geneos Wealth Management Inc. lifted its stake in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the period. Finally, Eastern Bank lifted its position in Tyler Technologies by 870.0% during the first quarter. Eastern Bank now owns 97 shares of the technology company’s stock valued at $56,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $465.81 on Thursday. The company has a market capitalization of $20.04 billion, a P/E ratio of 64.79, a P/E/G ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 1-year low of $450.00 and a 1-year high of $661.31. The firm’s 50 day simple moving average is $493.93 and its two-hundred day simple moving average is $543.73.

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

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the sale, the chief financial officer owned 12,781 shares in the company, valued at approximately $5,995,311.48. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $403,725.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,750 shares of company stock valued at $3,115,405 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TYL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Barclays increased 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. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, DA Davidson reduced their price target on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently 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.