Tyler Technologies, Inc. $TYL Shares Purchased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in Tyler Technologies by 17.2%, owning a total of 428,304 shares worth approximately $249 million after acquiring an additional 62,889 shares.
• Insider trading activity showed significant sales, with CEO H Lynn Moore, Jr. selling 5,250 shares and insider John S. Marr, Jr. selling 4,250 shares, resulting in notable decreases in their respective shareholdings.
• Analysts maintain a positive outlook on Tyler Technologies, with an average rating of "Moderate Buy" and a consensus target price of $688.27.

Goldman Sachs Group Inc. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 428,304 shares of the technology company's stock after buying an additional 62,889 shares during the period. Goldman Sachs Group Inc. owned about 0.99% of Tyler Technologies worth $249,012,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies during the first quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Tyler Technologies in the first quarter worth about $38,000. Finally, Advisors Asset Management Inc. bought a new position in Tyler Technologies in the first quarter worth about $38,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the sale, the insider owned 6,983 shares of the company's stock, valued at $3,915,018.95. This trade represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,750 shares of company stock worth $10,744,318 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent research reports. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Finally, 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 report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Price Performance

NYSE:TYL traded down $8.75 during midday trading on Friday, hitting $545.24. The company's stock had a trading volume of 277,778 shares, compared to its average volume of 265,030. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The firm's 50 day moving average is $567.17 and its 200-day moving average is $570.16. The firm has a market cap of $23.59 billion, a P/E ratio of 77.89, a P/E/G ratio of 4.25 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share 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 for the quarter, compared to the consensus estimate of $587.59 million. During the same quarter in the prior year, the company earned $2.40 EPS. Tyler Technologies's quarterly revenue 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, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.