Intech Investment Management LLC Acquires 357 Shares of Tyler Technologies, Inc. $TYL

Intech Investment Management LLC increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,770 shares of the technology company’s stock after purchasing an additional 357 shares during the quarter. Intech Investment Management LLC’s holdings in Tyler Technologies were worth $10,913,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock valued at $580,766,000 after acquiring an additional 59,554 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $510,739,000 after purchasing an additional 876,960 shares during the period. JPMorgan Chase & Co. increased its holdings in Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 14,219 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Tyler Technologies by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer directly owned 13,772 shares of the company’s stock, valued at approximately $7,997,675.84. This represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,950 shares of company stock worth $9,198,582 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TYL shares. Cantor Fitzgerald began coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price target on the stock. DA Davidson set a $585.00 target price on Tyler Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $688.27.

Tyler Technologies Stock Down 2.2%

Shares of Tyler Technologies stock opened at $546.08 on Thursday. The stock has a market cap of $23.62 billion, a P/E ratio of 78.01, a P/E/G ratio of 4.28 and a beta of 0.89. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31. The business’s 50 day moving average is $568.81 and its 200-day moving average is $571.05.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating 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 business had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. During the same period last year, the business earned $2.40 earnings per share. The firm’s 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. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.