Czech National Bank Has $6.25 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• The Czech National Bank increased its stake in Tyler Technologies, Inc. by 7.2%, acquiring an additional 711 shares, bringing its total holdings to 10,541 shares valued at approximately $6.25 million.
• Equities analysts have set a price target range for Tyler Technologies, with Barclays raising its target to $715 and several analysts issuing a "neutral" rating, resulting in an average price target of $688.27.
• The company's recent earnings report showed an EPS of $2.91, above estimates, with a revenue of $584.01 million, marking a 10.2% year-over-year increase.

Czech National Bank lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,541 shares of the technology company's stock after purchasing an additional 711 shares during the period. Czech National Bank's holdings in Tyler Technologies were worth $6,249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc raised its position in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after purchasing an additional 19 shares during the period. Leelyn Smith LLC raised its holdings in Tyler Technologies by 0.9% in the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock valued at $1,234,000 after acquiring an additional 19 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of Tyler Technologies by 42.9% in the 1st quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock worth $47,000 after buying an additional 24 shares in the last quarter. Curbstone Financial Management Corp boosted its position in Tyler Technologies by 2.2% in the 1st quarter. Curbstone Financial Management Corp now owns 1,104 shares of the technology company's stock valued at $642,000 after buying an additional 24 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Tyler Technologies by 9.1% during the first quarter. Allworth Financial LP now owns 288 shares of the technology company's stock worth $153,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Activity

In related news, Director Glenn A. Carter sold 750 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the transaction, the director directly owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on TYL shares. Barclays upped their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $6.61 during mid-day trading on Thursday, reaching $529.77. The company's stock had a trading volume of 364,761 shares, compared to its average volume of 269,281. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The stock has a market capitalization of $22.92 billion, a P/E ratio of 75.68, a P/E/G ratio of 4.11 and a beta of 0.89. The stock has a 50-day moving average of $563.65 and a two-hundred day moving average of $568.12.

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. The company had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict 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.