Tyler Technologies, Inc. $TYL Shares Purchased by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in Tyler Technologies, Inc. by 281.7% during the first quarter, bringing its total holdings to 1,084 shares valued at approximately $630,000.
• Analysts have mixed opinions on Tyler Technologies, with price targets ranging from $585.00 to $750.00, while the company holds an average rating of "Moderate Buy".
• Tyler Technologies reported earnings of $2.91 per share for the last quarter, beating estimates, but its revenue of $584.01 million fell short of expectations.

AlphaQuest LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 281.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,084 shares of the technology company's stock after acquiring an additional 800 shares during the period. AlphaQuest LLC's holdings in Tyler Technologies were worth $630,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Tyler Technologies in the first quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC increased 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 worth $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC increased 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 worth $35,000 after purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies during the first quarter worth about $38,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $40,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the sale, the insider directly owned 247 shares in the company, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,769 shares of company stock worth $12,134,207. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

TYL traded up $6.05 during trading on Friday, reaching $562.33. The company's stock had a trading volume of 278,126 shares, compared to its average volume of 329,290. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The company's fifty day moving average price is $573.37 and its 200-day moving average price is $575.08. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 80.33, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85.

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 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 company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the previous year, the company earned $2.40 EPS. The firm's revenue for the quarter 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. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TYL shares. Barclays lifted their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target on the stock. 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 MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and an average price target 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.