1,150 Shares in Tyler Technologies, Inc. $TYL Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 1,150 shares of Tyler Technologies, Inc. during Q2, worth approximately $682,000.
• In recent analyst reports, Tyler Technologies received an "overweight" rating from UBS Group, while Barclays raised its price target from $695 to $715.
• CEO H Lynn Moore, Jr. sold 5,250 shares of the company, decreasing his stake by 6.03%, amid a broader trend of insider selling totaling $11.1 million in the last quarter.

Callan Family Office LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,150 shares of the technology company's stock, valued at approximately $682,000.

Several other hedge funds also recently made changes to their positions in TYL. CX Institutional purchased a new position in shares of Tyler Technologies in the first quarter worth $176,000. Simon Quick Advisors LLC purchased a new position in shares of Tyler Technologies in the first quarter worth $234,000. Fifth Third Bancorp increased its stake in shares of Tyler Technologies by 27.0% in the first quarter. Fifth Third Bancorp now owns 1,468 shares of the technology company's stock worth $853,000 after buying an additional 312 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Tyler Technologies during the 1st quarter valued at $221,000. Finally, Exchange Traded Concepts LLC increased its position in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of research analyst reports. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Tyler Technologies in a research report on Saturday, September 27th. DA Davidson reduced their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $686.00.

Insider Buying and Selling

In related 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 value of $3,091,672.50. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $11,148,043 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Trading Up 0.8%

Shares of TYL stock opened at $508.25 on Tuesday. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31. The stock has a market cap of $21.99 billion, a PE ratio of 72.61, a price-to-earnings-growth ratio of 3.87 and a beta of 0.89. The company's fifty day moving average price is $546.91 and its 200-day moving average price is $560.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.

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