Ethic Inc. Acquires 621 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Ethic Inc. has increased its stake in Tyler Technologies, Inc. by 14.7%, now holding 4,855 shares valued at approximately $2.84 million.
• Several institutional investors, including Vanguard Group and Massachusetts Financial Services, have also increased their holdings in Tyler Technologies, contributing to a total of 93.30% institutional ownership.
• Analysts have mixed views on the stock, with price targets ranging from $600 to $750, and a consensus rating of "Moderate Buy".

Ethic Inc. boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,855 shares of the technology company's stock after buying an additional 621 shares during the period. Ethic Inc.'s holdings in Tyler Technologies were worth $2,838,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TYL. Canada Pension Plan Investment Board lifted its holdings in Tyler Technologies by 183.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 12,270 shares of the technology company's stock valued at $7,075,000 after buying an additional 7,943 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Tyler Technologies by 28.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 26,749 shares of the technology company's stock valued at $15,433,000 after buying an additional 5,920 shares during the period. First Trust Advisors LP lifted its holdings in Tyler Technologies by 31.3% in the fourth quarter. First Trust Advisors LP now owns 63,218 shares of the technology company's stock valued at $36,454,000 after buying an additional 15,068 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tyler Technologies by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 163,791 shares of the technology company's stock valued at $94,454,000 after buying an additional 6,615 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Tyler Technologies by 124.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,594 shares of the technology company's stock valued at $919,000 after buying an additional 884 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE:TYL traded down $6.1370 during trading hours on Friday, hitting $560.5330. The stock had a trading volume of 337,302 shares, compared to its average volume of 399,211. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31. The company has a market cap 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 business's 50 day moving average is $575.29 and its 200-day moving average is $576.97.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $587.59 million. During the same quarter in the prior year, the firm earned $2.40 earnings per share. 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. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer owned 13,772 shares of the company's stock, valued at $7,997,675.84. This represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider directly owned 247 shares of the company's stock, valued at $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,769 shares of company stock valued at $12,134,207 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TYL shares. Barclays increased their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Robert W. Baird lowered their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock 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.