Ashford Capital Management Inc. Lowers Position in Tyler Technologies, Inc. $TYL

Key Points

• Ashford Capital Management Inc. has reduced its stake in Tyler Technologies, Inc. by 12.3%, now holding approximately 33,410 shares, which represents around 0.08% of the company's total stock value.
• Several institutional investors, including GAMMA Investing LLC and Vanguard Group Inc., have significantly increased their stakes in Tyler Technologies, with GAMMA boosting its position by 57,694.7%.
• Wall Street analysts have mixed views on Tyler Technologies, with eight analysts rating it as a Buy and three as a Hold, reflecting varied expectations about the company's future performance.

Ashford Capital Management Inc. lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,410 shares of the technology company's stock after selling 4,693 shares during the quarter. Tyler Technologies comprises about 2.5% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 18th biggest holding. Ashford Capital Management Inc. owned 0.08% of Tyler Technologies worth $19,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TYL. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies in the 1st quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC raised 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 valued at $27,000 after buying an additional 41 shares during the last quarter. Cornerstone Planning Group LLC raised 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 valued at $35,000 after buying an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TYL. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Barclays lifted 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. Needham & Company LLC restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Stock Up 0.1%

Shares of TYL stock traded up $0.74 during trading hours on Wednesday, hitting $553.23. 168,790 shares of the company's stock were exchanged, compared to its average volume of 293,249. The firm has a market cap of $23.93 billion, a P/E ratio of 79.03, a P/E/G ratio of 4.32 and a beta of 0.89. The firm has a 50 day moving average of $572.30 and a two-hundred day moving average of $573.86. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31.

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 the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the company posted $2.40 EPS. The business'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. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,200 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.92, for a total value of $703,104.00. Following the completion of the sale, the chief financial officer directly owned 16,016 shares of the company's stock, valued at $9,384,094.72. This trade represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,019 shares of company stock valued at $14,495,209 in the last 90 days. 1.10% of the stock is owned by company insiders.

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.