Leelyn Smith LLC Has $1.33 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Leelyn Smith LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,243 shares of the technology company’s stock after buying an additional 121 shares during the period. Leelyn Smith LLC’s holdings in Tyler Technologies were worth $1,330,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Tyler Technologies during the 2nd quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies during the 1st quarter worth approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in Tyler Technologies during the 1st quarter worth approximately $38,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 1.4%

NYSE TYL opened at $509.21 on Friday. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 72.74, a price-to-earnings-growth ratio of 3.96 and a beta of 0.89. The business’s fifty day moving average is $532.65 and its 200 day moving average is $557.07.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period in the previous year, the business earned $2.40 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TYL. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. DA Davidson lowered their price objective on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Barclays raised their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $682.89.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 750 shares of the 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 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 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 ninety days. 1.10% of the stock is currently owned by insiders.

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.