Mirae Asset Global Investments Co. Ltd. Purchases 465 Shares of Tyler Technologies, Inc. $TYL

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,228 shares of the technology company’s stock after acquiring an additional 465 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tyler Technologies were worth $3,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after buying an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new position in Tyler Technologies during the 1st quarter worth about $38,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the 1st quarter worth about $38,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $485.85 on Wednesday. The stock’s 50 day simple moving average is $552.66 and its 200 day simple moving average is $562.26. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The company has a market cap of $21.02 billion, a P/E ratio of 69.41, a price-to-earnings-growth ratio of 3.81 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on TYL shares. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tyler Technologies in a research note on Saturday, September 27th. Finally, Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $688.27.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The transaction was disclosed in a filing 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 company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $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. In the last three months, insiders have sold 19,500 shares of company stock valued at $11,148,043. 1.10% of the stock is 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.