Palogic Value Management L.P. Acquires 34 Shares of Tyler Technologies, Inc. $TYL

Palogic Value Management L.P. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 654 shares of the technology company’s stock after purchasing an additional 34 shares during the period. Palogic Value Management L.P.’s holdings in Tyler Technologies were worth $380,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TYL. GAMMA Investing LLC boosted its stake in Tyler Technologies by 57,694.7% in the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company’s stock valued at $510,739,000 after acquiring an additional 876,960 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Tyler Technologies by 17,308.3% in 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 in the last quarter. Vanguard Group Inc. boosted its stake in Tyler Technologies by 2.8% in the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after acquiring an additional 148,762 shares in the last quarter. Nuveen LLC acquired a new stake in Tyler Technologies in the first quarter valued at approximately $57,108,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tyler Technologies by 52.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company’s stock valued at $163,448,000 after acquiring an additional 97,718 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction 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 completion of the transaction, the insider owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,994 shares of company stock valued at $9,811,618. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $565.67 on Tuesday. The firm has a fifty day moving average price of $570.22 and a 200 day moving average price of $571.32. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31. The stock has a market cap of $24.47 billion, a PE ratio of 80.81, a price-to-earnings-growth ratio of 4.29 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. During the same quarter last year, the company posted $2.40 earnings per share. The firm’s 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. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TYL shares. Barclays raised their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.27.

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.