Crestwood Advisors Group LLC Reduces Holdings in Tyler Technologies, Inc. $TYL

Crestwood Advisors Group LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,953 shares of the technology company’s stock after selling 167 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Tyler Technologies were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 worth $3,173,903,000 after buying an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Tyler Technologies by 6.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock worth $580,766,000 after purchasing an additional 59,554 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 3.1% during the first 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Tyler Technologies by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock worth $249,012,000 after purchasing an additional 62,889 shares during the period. Finally, Blair William & Co. IL boosted its holdings in shares of Tyler Technologies by 0.9% during the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after purchasing an additional 3,894 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the 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 sale, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the business’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 completion of the transaction, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,250 shares of company stock worth $8,099,000. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on TYL. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research note on Friday, October 31st. DA Davidson reduced their target price on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Tyler Technologies Stock Performance

Shares of TYL opened at $460.84 on Thursday. The stock has a market cap of $19.83 billion, a PE ratio of 64.09, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a fifty-two week low of $450.00 and a fifty-two week high of $661.31. The firm’s 50-day simple moving average is $519.79 and its two-hundred day simple moving average is $552.36.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. The business had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.