Tyler Technologies, Inc. $TYL Shares Sold by Seilern Investment Management Ltd

Seilern Investment Management Ltd trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.8% in the second quarter, Holdings Channel.com reports. The fund owned 145,513 shares of the technology company’s stock after selling 4,168 shares during the period. Tyler Technologies comprises 5.7% of Seilern Investment Management Ltd’s portfolio, making the stock its 10th biggest holding. Seilern Investment Management Ltd’s holdings in Tyler Technologies were worth $86,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TYL. GAMMA Investing LLC lifted its holdings in Tyler Technologies by 57,694.7% in the 1st 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 during the last quarter. Jones Financial Companies Lllp lifted its holdings in Tyler Technologies by 17,308.3% in the 1st 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 during the last quarter. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 2.8% in the 1st 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 during the last quarter. Nuveen LLC acquired a new stake in Tyler Technologies in the 1st quarter valued at about $57,108,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tyler Technologies by 52.6% in the 4th 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 during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays upped their price objective 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. Cantor Fitzgerald assumed 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. Wall Street Zen lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $688.27.

Tyler Technologies Price Performance

NYSE TYL opened at $545.24 on Friday. The company has a 50 day simple moving average of $567.17 and a 200-day simple moving average of $569.83. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 77.89, a price-to-earnings-growth ratio of 4.25 and a beta of 0.89. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31.

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

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,750 shares of company stock valued at $10,744,318 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.