Tyler Technologies, Inc. $TYL Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 43.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 698 shares of the technology company’s stock after selling 528 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Tyler Technologies were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TYL. Savant Capital LLC raised its holdings in shares of Tyler Technologies by 26.0% during the 2nd quarter. Savant Capital LLC now owns 765 shares of the technology company’s stock worth $454,000 after acquiring an additional 158 shares during the period. Achmea Investment Management B.V. acquired a new stake in Tyler Technologies during the second quarter worth about $2,413,000. Andra AP fonden purchased a new position in Tyler Technologies during the second quarter worth about $1,493,000. Resona Asset Management Co. Ltd. boosted its holdings in Tyler Technologies by 6.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 19,642 shares of the technology company’s stock valued at $11,619,000 after purchasing an additional 1,171 shares during the last quarter. Finally, FWG Holdings LLC boosted its holdings in Tyler Technologies by 14.1% in the 2nd quarter. FWG Holdings LLC now owns 1,211 shares of the technology company’s stock valued at $730,000 after purchasing an additional 150 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business’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 transaction, the insider owned 6,983 shares in the company, valued at $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The stock was 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 represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,000 shares of company stock valued at $5,007,328 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Up 1.2%

TYL opened at $470.16 on Wednesday. The stock’s 50-day moving average price is $512.38 and its 200 day moving average price is $550.04. Tyler Technologies, Inc. has a 12-month low of $450.00 and a 12-month high of $661.31. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 65.39, a PEG ratio of 3.67 and a beta of 0.93.

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

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.