Capital Fund Management S.A. Buys New Shares in Tyler Technologies, Inc. $TYL

Key Points

• Capital Fund Management S.A. has invested approximately $12.11 million in Tyler Technologies, acquiring 20,830 shares in the first quarter.
• Tyler Technologies reported a net margin of 13.66% and earnings per share of $2.91 for the last quarter, beating analysts' expectations.
• Institutional investors now own 93.30% of Tyler Technologies stock, indicating strong support among major financial players.

Capital Fund Management S.A. bought a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,830 shares of the technology company's stock, valued at approximately $12,110,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies in the 1st quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Tyler Technologies by 820.0% in the 1st 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 during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Tyler Technologies by 221.1% in the 1st 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 during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $40,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TYL shares. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Barclays raised their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald started coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company'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 transaction, the chief executive officer directly owned 81,775 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the transaction, the insider owned 247 shares of the company's stock, valued at $141,679.20. The trade was a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,769 shares of company stock worth $12,134,207. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Performance

Tyler Technologies stock traded down $6.1370 during midday trading on Friday, reaching $560.5330. 337,302 shares of the company were exchanged, compared to its average volume of 394,834. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of 80.08, a P/E/G ratio of 4.30 and a beta of 0.85. The firm's 50-day simple moving average is $575.29 and its 200-day simple moving average is $576.70. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies 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.