1,068 Shares in Tyler Technologies, Inc. $TYL Purchased by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC acquired 1,068 shares of Tyler Technologies, Inc. (NYSE: TYL), valued at approximately $621,000, during the first quarter.
• Tyler Technologies reported earnings of $2.91 per share for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 10.2%.
• Various institutional investors have significantly increased their stakes in Tyler Technologies; notably, GAMMA Investing LLC increased its position by 57,694.7% to hold 878,480 shares.

Aprio Wealth Management LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,068 shares of the technology company's stock, valued at approximately $621,000.

Other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its holdings in Tyler Technologies by 10.9% in the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after purchasing an additional 70 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after buying an additional 56 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Tyler Technologies by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after buying an additional 31 shares during the period. CX Institutional bought a new position in Tyler Technologies in the 1st quarter worth $176,000. Finally, Kestra Private Wealth Services LLC bought a new position in Tyler Technologies in the 1st quarter worth $358,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Up 0.9%

TYL stock traded up $4.85 during mid-day trading on Friday, hitting $559.08. The company had a trading volume of 174,404 shares, compared to its average volume of 273,139. The company has a 50-day moving average price of $570.78 and a 200 day moving average price of $572.05. The company has a market capitalization of $24.19 billion, a price-to-earnings ratio of 79.87, a P/E/G ratio of 4.29 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.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TYL shares. Barclays upped their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. 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, DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company'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 sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,444 shares of company stock worth $13,586,917. 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.