Tyler Technologies, Inc. $TYL Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,017 shares of the technology company’s stock after selling 698 shares during the quarter. Whittier Trust Co.’s holdings in Tyler Technologies were worth $1,789,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after acquiring an additional 41 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Tyler Technologies during the second quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its holdings in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after acquiring an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction 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 transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $11,148,043 in the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson dropped their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $686.00.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $513.05 on Thursday. The firm has a market cap of $22.19 billion, a PE ratio of 73.29, a P/E/G ratio of 3.98 and a beta of 0.89. The firm’s 50 day moving average price is $535.06 and its two-hundred day moving average price is $557.28. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly 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 net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the prior year, the business posted $2.40 EPS. Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

About Tyler Technologies

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.