IFM Investors Pty Ltd Acquires 496 Shares of Tyler Technologies, Inc. $TYL

Key Points

• IFM Investors Pty Ltd increased its holdings in Tyler Technologies by 5.6% in Q2, bringing their total investment to $5.58 million for 9,408 shares.
• Tyler Technologies reported $2.91 EPS for the last quarter, exceeding estimates, and anticipates an EPS of 8.52 for the current fiscal year.
• Analysts have placed an average target price of $688.27 on Tyler Technologies, with coverage ratings ranging from "Neutral" to "Overweight."

IFM Investors Pty Ltd grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,408 shares of the technology company's stock after purchasing an additional 496 shares during the period. IFM Investors Pty Ltd's holdings in Tyler Technologies were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TYL. Retirement Wealth Solutions LLC acquired a new stake in Tyler Technologies in the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC boosted its stake in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after acquiring an additional 42 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies during the first quarter worth about $38,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies during the 1st quarter worth about $38,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TYL has been the topic of several recent analyst reports. Cantor Fitzgerald began coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target on the stock. Barclays lifted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $688.27.

Insider Activity

In other news, Director Glenn A. Carter sold 750 shares of the stock in a transaction that occurred 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 sale, the director directly owned 3,172 shares of the company's stock, valued at $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction on 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 sale, the insider directly owned 6,983 shares of the company's stock, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,500 shares of company stock worth $11,148,043. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Trading Up 0.5%

Tyler Technologies stock traded up $2.51 during midday trading on Monday, reaching $536.83. 277,705 shares of the stock traded hands, compared to its average volume of 309,662. The company has a 50-day simple moving average of $562.79 and a two-hundred day simple moving average of $566.49. The firm has a market cap of $23.22 billion, a PE ratio of 76.69, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 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 analysts' expectations of $587.59 million. During the same quarter last year, the business earned $2.40 EPS. The business's 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. Equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share 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.