Johnson Investment Counsel Inc. Has $8.78 Million Position in Tyler Technologies, Inc. $TYL

Johnson Investment Counsel Inc. raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,810 shares of the technology company's stock after acquiring an additional 1,383 shares during the period. Johnson Investment Counsel Inc.'s holdings in Tyler Technologies were worth $8,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after acquiring an additional 41 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Tyler Technologies by 221.1% in 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 in the last quarter. Zions Bancorporation National Association UT acquired a new position in Tyler Technologies in the 1st quarter valued at $38,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies in the 1st quarter valued at $38,000. Finally, Geneos Wealth Management Inc. raised its holdings in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after acquiring an additional 40 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DA Davidson dropped their price objective on Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a report on Friday. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings restated a "hold (c+)" rating on shares of Tyler Technologies in a research report on Saturday, September 27th. Finally, UBS Group restated an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $686.00.

Tyler Technologies Trading Down 0.7%

NYSE TYL opened at $503.11 on Monday. The business's 50-day moving average price is $548.79 and its two-hundred day moving average price is $560.71. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31. The firm has a market capitalization of $21.76 billion, a PE ratio of 71.87, a price-to-earnings-growth ratio of 3.87 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the previous year, the company posted $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. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. This trade represents a 6.03% 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. Insiders own 1.10% of the company's stock.

Tyler Technologies Company 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.

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