Tyler Technologies, Inc. $TYL Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,570,120 shares of the technology company’s stock after acquiring an additional 110,957 shares during the quarter. Vanguard Group Inc. owned 12.88% of Tyler Technologies worth $3,302,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Tyler Technologies by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 2,887 shares of the technology company’s stock worth $1,678,000 after buying an additional 30 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Tyler Technologies in the first quarter valued at approximately $358,000. Teachers Retirement System of The State of Kentucky grew its holdings in Tyler Technologies by 3.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,258 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 96 shares during the period. HighPoint Advisor Group LLC raised its position in Tyler Technologies by 10.9% in the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company’s stock worth $380,000 after acquiring an additional 70 shares in the last quarter. Finally, Choreo LLC lifted its holdings in Tyler Technologies by 8.5% in the first quarter. Choreo LLC now owns 702 shares of the technology company’s stock valued at $408,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TYL shares. Oppenheimer reaffirmed an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a report on Friday, October 31st. Barclays increased their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $660.09.

Tyler Technologies Trading Up 0.1%

Shares of TYL opened at $466.06 on Friday. Tyler Technologies, Inc. has a 12-month low of $450.00 and a 12-month high of $661.31. The stock has a market cap of $20.05 billion, a P/E ratio of 64.82, a PEG ratio of 3.67 and a beta of 0.93. The company has a 50-day moving average of $499.78 and a two-hundred day moving average of $546.35.

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

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the firm’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 transaction, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the company’s 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 sale, the insider owned 6,983 shares in the company, valued at $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,000 shares of company stock valued at $5,007,328 in the last three months. 1.10% of the stock is currently owned by company 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.