Astoria Portfolio Advisors LLC. Decreases Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Astoria Portfolio Advisors LLC decreased its holdings in Tyler Technologies, Inc. by 6.2% during the second quarter, now owning 7,610 shares worth approximately $4.26 million.
• Analyst ratings for Tyler Technologies show mixed sentiments, with DA Davidson lowering its price target from $585 to $560 while Barclays raised it from $695 to $715, indicating a range of opinions among analysts.
• CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies, impacting his ownership by 6.03%, amid a broader trend where insiders sold a total of 19,500 shares valued at over $11 million.

Astoria Portfolio Advisors LLC. decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,610 shares of the technology company's stock after selling 500 shares during the quarter. Tyler Technologies comprises about 1.2% of Astoria Portfolio Advisors LLC.'s investment portfolio, making the stock its 16th largest position. Astoria Portfolio Advisors LLC.'s holdings in Tyler Technologies were worth $4,261,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in 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 purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in 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 purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Tyler Technologies during the first quarter valued at $38,000. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies during the first quarter valued at $38,000. Finally, Geneos Wealth Management Inc. raised its stake in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of analyst reports. DA Davidson cut their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a research report on Friday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Tyler Technologies in a research report on Saturday, September 27th. UBS Group reiterated an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday. Finally, Barclays boosted their price objective 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. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $686.00.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following 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 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. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

NYSE:TYL opened at $503.11 on Monday. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The company has a 50-day moving average of $548.79 and a 200 day moving average of $560.71. The firm has a market cap of $21.76 billion, a PE ratio of 71.87, a price-to-earnings-growth ratio of 3.87 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. During the same period in the prior year, the firm earned $2.40 earnings per share. 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. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS 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.

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