Tyler Technologies, Inc. $TYL Shares Purchased by Aptus Capital Advisors LLC

Key Points

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Aptus Capital Advisors LLC grew its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,250 shares of the technology company's stock after buying an additional 3,046 shares during the period. Aptus Capital Advisors LLC's holdings in Tyler Technologies were worth $12,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TYL. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies in the first quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after acquiring an additional 41 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after acquiring an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies in the first quarter worth $38,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,200 shares of Tyler Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $585.92, for a total transaction of $703,104.00. Following the transaction, the chief financial officer directly owned 16,016 shares of the company's stock, valued at $9,384,094.72. The trade was a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the transaction, the insider directly owned 247 shares in the company, valued at $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. Insiders have sold 20,769 shares of company stock valued at $12,134,207 over the last ninety days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Barclays raised their price target 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. Finally, Robert W. Baird dropped their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Eight investment 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $6.1370 during midday trading on Friday, hitting $560.5330. The company's stock had a trading volume of 337,302 shares, compared to its average volume of 399,211. The business's 50 day simple moving average is $575.29 and its 200 day simple moving average is $577.24. The company has a market cap of $24.25 billion, a P/E ratio of 80.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last 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, sell-side analysts predict 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.