Aberdeen Group plc Has $15.28 Million Stock Position in Tyler Technologies, Inc. $TYL

Aberdeen Group plc raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,765 shares of the technology company's stock after buying an additional 545 shares during the period. Aberdeen Group plc owned 0.06% of Tyler Technologies worth $15,275,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC boosted its position in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies in the first quarter valued at approximately $38,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the first quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock worth $40,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction on 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 directly owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 0.0%

Shares of NYSE TYL opened at $506.32 on Wednesday. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The firm has a fifty day simple moving average of $544.85 and a 200 day simple moving average of $559.84. The company has a market capitalization of $21.90 billion, a PE ratio of 72.33, a P/E/G ratio of 3.88 and a beta of 0.89.

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 for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. During the same quarter last year, the firm earned $2.40 earnings per share. Tyler Technologies's quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. Barclays increased their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. UBS Group reaffirmed an "overweight" rating on shares of Tyler Technologies in a report on Wednesday, October 8th. DA Davidson cut their target price on Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $686.00.

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.

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