Strs Ohio Invests $2.10 Million in Tyler Technologies, Inc. $TYL

Key Points

• Strs Ohio acquired 3,610 shares of Tyler Technologies, Inc. for approximately $2,099,000, indicating strong institutional interest in the company.
• Tyler Technologies reported a better-than-expected earnings per share (EPS) of $2.91 for the last quarter, surpassing analysts' expectations.
• Despite positive earnings, the stock has recently been rated as a "hold" by some analysts and has a consensus target price of $688.27.

Strs Ohio purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,610 shares of the technology company's stock, valued at approximately $2,099,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Tyler Technologies in the 1st quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in 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 during the last quarter. Cornerstone Planning Group LLC lifted its stake in 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 during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Up 0.9%

TYL traded up $4.97 during trading on Friday, reaching $535.02. The stock had a trading volume of 995,765 shares, compared to its average volume of 276,738. The stock's 50 day moving average is $563.32 and its two-hundred day moving average is $567.54. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 76.43, a P/E/G ratio of 4.07 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping 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 return on equity of 10.34% and a net margin of 13.66%.The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $11,148,043 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TYL. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

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.