Atria Wealth Solutions Inc. Lowers Stock Position in Tyler Technologies, Inc. $TYL

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Tyler Technologies, Inc. by 36.2% in Q2, now holding 1,421 shares valued at approximately $842,000.
• Several institutional investors increased their holdings in Tyler Technologies during the same quarter, with Sequoia Financial Advisors LLC boosting its stake by 34.6%.
• Tyler Technologies reported earnings of $2.91 per share for the latest quarter, exceeding analyst estimates, while the company foresees future earnings guidance between $11.200-$11.500 for fiscal year 2025.

Atria Wealth Solutions Inc. lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 36.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,421 shares of the technology company's stock after selling 808 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Tyler Technologies were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Tyler Technologies by 34.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,369 shares of the technology company's stock worth $812,000 after acquiring an additional 352 shares in the last quarter. MGO One Seven LLC purchased a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $421,000. OFI Invest Asset Management boosted its stake in shares of Tyler Technologies by 5.6% during the 2nd quarter. OFI Invest Asset Management now owns 33,553 shares of the technology company's stock worth $19,892,000 after acquiring an additional 1,777 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Tyler Technologies by 3.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,098 shares of the technology company's stock worth $3,024,000 after acquiring an additional 174 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Tyler Technologies by 10.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 14,810 shares of the technology company's stock worth $8,780,000 after acquiring an additional 1,383 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Up 1.7%

Shares of Tyler Technologies stock opened at $505.16 on Friday. The company has a fifty day moving average price of $538.80 and a 200 day moving average price of $558.14. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 72.17, a price-to-earnings-growth ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly 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 firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same period in the prior year, the company earned $2.40 EPS. The firm's 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. Analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the topic of several research analyst reports. DA Davidson decreased their price target on Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Finally, UBS Group restated an "overweight" rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $686.00.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 3,172 shares of the company's stock, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 in the last ninety days. Insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.