Corient IA LLC Invests $454,000 in Tyler Technologies, Inc. $TYL

Key Points

• Corient IA LLC invested approximately $454,000 in Tyler Technologies, acquiring 781 shares during the first quarter.
• Tyler Technologies reported $2.91 earnings per share for the last quarter, surpassing analysts' expectations of $2.78 and showing a year-over-year revenue increase of 10.2%.
• The stock has experienced a slight decline of 0.1%, with a market capitalization of $24.78 billion and a current trading price around $572.73.

Corient IA LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 781 shares of the technology company's stock, valued at approximately $454,000.

Other large investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC boosted its stake in shares of Tyler Technologies by 10.9% during the 1st 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 boosted its stake in Tyler Technologies by 12.6% during the first quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after acquiring an additional 56 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after acquiring an additional 7,300 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Tyler Technologies by 0.6% during the first 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. Finally, CX Institutional bought a new stake in Tyler Technologies during the first quarter worth about $176,000. Institutional investors own 93.30% of the company's stock.

Insider Activity

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 transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction dated 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 directly owned 247 shares in the company, valued at approximately $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,769 shares of company stock worth $12,134,207 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $6.17 during trading on Friday, reaching $560.50. 123,737 shares of the stock traded hands, compared to its average volume of 292,398. The stock has a 50-day moving average of $575.69 and a two-hundred day moving average of $577.57. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The stock has a market cap of $24.25 billion, a P/E ratio of 80.07, a price-to-earnings-growth ratio of 4.36 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $587.59 million. During the same quarter in the prior year, the company posted $2.40 earnings per share. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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. Robert W. Baird dropped their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $688.27.

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.