Jones Financial Companies Lllp Acquires 226,566 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Tyler Technologies, acquiring an additional 226,566 shares, resulting in a total ownership of approximately 227,875 shares worth $132.48 million.
• Insider trading activity included CEO H Lynn Moore, Jr. selling 5,250 shares for over $3 million, marking a 6.03% decrease in his ownership.
• Analysts have varying ratings on Tyler Technologies, with Barclays raising its price target to $715.00 while maintaining an "overweight" rating, reflecting a generally optimistic outlook despite some “hold” ratings from other firms.

Jones Financial Companies Lllp increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 17,308.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,875 shares of the technology company's stock after purchasing an additional 226,566 shares during the quarter. Jones Financial Companies Lllp owned about 0.53% of Tyler Technologies worth $132,484,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Tyler Technologies during the first quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of 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 during the last quarter. Cornerstone Planning Group LLC raised its position 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 purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Tyler Technologies in the first quarter valued at $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in Tyler Technologies in the first quarter worth about $38,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TYL. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Cantor Fitzgerald began coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price on the stock. Finally, Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Eight equities research 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider owned 6,983 shares in the company, valued at $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on 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 sale, the chief executive officer owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,994 shares of company stock valued at $9,811,618. Insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded down $12.33 during trading on Wednesday, hitting $546.08. The company had a trading volume of 279,569 shares, compared to its average volume of 292,530. The company has a fifty day simple moving average of $568.81 and a two-hundred day simple moving average of $571.05. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 78.01, a price-to-earnings-growth ratio of 4.34 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating 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 business 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 firm posted $2.40 earnings per share. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.