2,187 Shares in Tyler Technologies, Inc. $TYL Bought by Caitlin John LLC

Key Points

• Caitlin John LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) with 2,187 shares valued at approximately $1.3 million during the second quarter.
• Tyler Technologies recently reported a quarterly EPS of $2.91, exceeding analysts' expectations of $2.78, and revealed a 10.2% year-over-year revenue increase.
• Insiders at Tyler Technologies have sold over 19,500 shares in the past 90 days, amounting to approximately $11.1 million in value.

Caitlin John LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,187 shares of the technology company's stock, valued at approximately $1,297,000.

Several other hedge funds also recently modified their holdings of the stock. HighPoint Advisor Group LLC grew its position in shares of Tyler Technologies by 10.9% in the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after purchasing an additional 70 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Tyler Technologies by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after acquiring an additional 31 shares in the last quarter. CX Institutional purchased a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $176,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Tyler Technologies during the 1st quarter valued at $358,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TYL shares. Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald started coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the business's stock in a transaction on 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 owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the transaction, the insider owned 6,983 shares of the company's stock, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,500 shares of company stock worth $11,148,043. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Up 0.5%

Shares of TYL stock traded up $2.51 during mid-day trading on Monday, hitting $536.83. 277,705 shares of the stock were exchanged, compared to its average volume of 309,662. The firm has a fifty day moving average of $562.79 and a 200 day moving average of $566.49. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The company has a market cap of $23.22 billion, a PE ratio of 76.69, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $2.40 EPS. 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 EPS for the current 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.