Empowered Funds LLC Has $3.18 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Empowered Funds LLC increased its stake in Tyler Technologies, Inc. by 52.3%, now holding 5,463 shares valued at approximately $3.18 million.
• Insider sales included CEO H Lynn Moore, Jr. selling 5,250 shares for about $3.09 million, reducing his position by 6.03%.
• Tyler Technologies recently reported $2.91 EPS for the quarter, exceeding analyst estimates, but revenue was slightly below expectations at $584.01 million.

Empowered Funds LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 52.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,463 shares of the technology company's stock after purchasing an additional 1,875 shares during the quarter. Empowered Funds LLC's holdings in Tyler Technologies were worth $3,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TYL. HighPoint Advisor Group LLC increased 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 worth $380,000 after acquiring an additional 70 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Tyler Technologies by 12.6% in 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. Cambridge Investment Research Advisors Inc. increased its position in shares of Tyler Technologies by 0.6% in 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. CX Institutional purchased a new position in Tyler Technologies during the first quarter valued at approximately $176,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Tyler Technologies in the 1st quarter valued at approximately $358,000. 93.30% of the stock is currently owned by institutional investors.

Insider Activity at Tyler Technologies

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 shares were sold at an average price of $588.89, for a total transaction 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 $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. The trade was a 19.12% 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 worth $11,148,043 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $2.10 on Thursday, reaching $534.28. The stock had a trading volume of 89,388 shares, compared to its average volume of 291,634. The business's 50-day moving average price is $564.28 and its two-hundred day moving average price is $568.65. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The stock has a market cap of $23.11 billion, a P/E ratio of 76.33, 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 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. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same period in the previous year, the company earned $2.40 earnings per share. Tyler Technologies'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. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share 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.