11 Capital Partners LP Invests $14.55 Million in Tyler Technologies, Inc. $TYL

Key Points

• 11 Capital Partners LP has invested approximately $14.55 million in Tyler Technologies, acquiring 25,021 shares, making it the 9th largest holding in their portfolio.
• Institutional investors now hold 93.30% of Tyler Technologies' stock, with several firms, including Retirement Wealth Solutions and Cornerstone Planning Group, increasing their stakes during the first quarter.
• Tyler Technologies reported a Q2 EPS of $2.91, beating estimates, and set its FY 2025 guidance at 11.200-11.500 EPS, indicating strong financial performance despite recent insider selling.

11 Capital Partners LP acquired a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 25,021 shares of the technology company's stock, valued at approximately $14,547,000. Tyler Technologies comprises approximately 4.8% of 11 Capital Partners LP's holdings, making the stock its 9th biggest holding. 11 Capital Partners LP owned about 0.06% of Tyler Technologies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TYL. Retirement Wealth Solutions LLC bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Tyler Technologies by 820.0% during the first 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 in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Whipplewood Advisors LLC boosted its position in shares of Tyler Technologies by 255.0% during the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after purchasing an additional 51 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the transaction, the insider owned 247 shares of the company's stock, valued at $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,019 shares of company stock worth $14,495,209 over the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 1.8%

Shares of NYSE:TYL opened at $553.00 on Wednesday. The stock has a fifty day simple moving average of $572.30 and a two-hundred day simple moving average of $573.86. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 79.00, a PEG ratio of 4.32 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 quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter in the previous year, the business earned $2.40 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

TYL has been the topic of several research reports. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Cantor Fitzgerald initiated coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target on the stock. Finally, Barclays lifted their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $688.27.

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.

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