Empowered Funds LLC Purchases 1,875 Shares of 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 lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 52.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,463 shares of the technology company's stock after acquiring 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 reporting period.

Several other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in shares of Tyler Technologies by 7.0% during the 1st quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after acquiring an additional 19 shares in the last quarter. Leelyn Smith LLC boosted its holdings in shares of Tyler Technologies by 0.9% during 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. boosted its holdings in shares of Tyler Technologies by 42.9% during the 1st quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after acquiring an additional 24 shares in the last quarter. Curbstone Financial Management Corp grew its stake in shares of Tyler Technologies by 2.2% in the first quarter. Curbstone Financial Management Corp now owns 1,104 shares of the technology company's stock worth $642,000 after purchasing an additional 24 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Tyler Technologies by 9.1% in the first quarter. Allworth Financial LP now owns 288 shares of the technology company's stock worth $153,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer 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 legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the company's stock in a transaction dated 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 sale, the insider owned 6,983 shares in the company, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,750 shares of company stock worth $10,744,318 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Trading Down 0.9%

Shares of TYL traded down $4.83 on Monday, reaching $540.16. The company's stock had a trading volume of 400,268 shares, compared to its average volume of 264,966. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The stock has a market capitalization of $23.37 billion, a PE ratio of 77.17, a PEG ratio of 4.18 and a beta of 0.89. The firm has a fifty day moving average of $566.19 and a 200-day moving average of $569.11.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results 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 company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the prior year, the business posted $2.40 EPS. The firm's revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TYL. 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. Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald assumed coverage on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

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.