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

Northeast Investment Management cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 732 shares of the technology company’s stock after selling 144 shares during the quarter. Northeast Investment Management’s holdings in Tyler Technologies were worth $434,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of 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 last quarter. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies during the 2nd quarter valued at about $30,000. Cornerstone Planning Group LLC raised its position in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after acquiring an additional 42 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies in the first quarter valued at about $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction 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 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 transaction of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson cut their price target on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $686.00.

Tyler Technologies Stock Up 1.7%

Shares of NYSE:TYL opened at $505.16 on Monday. The company has a market cap of $21.85 billion, a P/E ratio of 72.17, a P/E/G ratio of 3.88 and a beta of 0.89. The business has a fifty day simple moving average of $538.80 and a 200-day simple moving average of $558.06. Tyler Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $661.31.

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, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.