Aberdeen Group plc Boosts Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Aberdeen Group plc increased its stake in Tyler Technologies, Inc. by 96.5% in Q1, owning approximately $14.42 million worth of the company's shares.
• Tyler Technologies reported an earnings per share (EPS) of $2.91, surpassing analysts' expectations and showing a 10.2% increase in revenue compared to the same quarter last year.
• Institutional investors hold 93.30% of Tyler Technologies' stock, indicating strong interest from large investors in the company's shares.

Aberdeen Group plc boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 96.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,220 shares of the technology company's stock after acquiring an additional 12,383 shares during the quarter. Aberdeen Group plc owned 0.06% of Tyler Technologies worth $14,422,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TYL. GAMMA Investing LLC boosted its holdings in Tyler Technologies by 57,694.7% during the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after acquiring an additional 876,960 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 2.8% in the 1st 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. Nuveen LLC bought a new position in shares of Tyler Technologies during the 1st quarter worth $57,108,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tyler Technologies by 52.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock worth $163,448,000 after buying an additional 97,718 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company's stock worth $88,822,000 after buying an additional 90,172 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Down 1.1%

Shares of NYSE TYL traded down $6.1370 during mid-day trading on Friday, reaching $560.5330. 337,302 shares of the company were exchanged, compared to its average volume of 394,834. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 80.08, a P/E/G ratio of 4.30 and a beta of 0.85. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31. The firm has a 50-day moving average of $575.29 and a 200 day moving average of $576.70.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during 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 firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the completion of the sale, the chief financial officer directly owned 13,772 shares in the company, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the sale, the insider owned 247 shares of the company's stock, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,769 shares of company stock worth $12,134,207. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TYL. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald began 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. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies 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.