Motley Fool Wealth Management LLC Decreases Holdings in Tyler Technologies, Inc. $TYL

Motley Fool Wealth Management LLC cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,720 shares of the technology company’s stock after selling 2,071 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tyler Technologies were worth $11,691,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC increased its position 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 valued at $27,000 after purchasing an additional 41 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies in the 2nd quarter worth about $30,000. Cornerstone Planning Group LLC increased its holdings in Tyler Technologies by 221.1% in the 1st 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 Tyler Technologies in the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in Tyler Technologies in the 1st quarter worth about $38,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. DA Davidson decreased their price objective 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 reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Finally, UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $682.89.

Tyler Technologies Stock Up 0.2%

TYL stock opened at $509.64 on Tuesday. The firm has a market capitalization of $22.05 billion, a PE ratio of 72.81, a PEG ratio of 3.90 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The stock has a 50-day simple moving average of $531.48 and a two-hundred day simple moving average of $556.87.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the sale, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company’s stock, 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 sold 19,500 shares of company stock valued at $11,148,043 in the last quarter. 1.10% of the stock is currently owned by corporate 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.