Kodai Capital Management LP Cuts Stock Position in Tyler Technologies, Inc. $TYL

Key Points

• Kodai Capital Management LP reduced its stake in Tyler Technologies by 7.3%, selling 2,725 shares to hold approximately 34,506 shares valued at $20,061,000.
• Insider trading activity shows CEO H Lynn Moore, Jr. sold 5,250 shares at an average price of $588.89, resulting in a total transaction value of over $3 million, marking a 6.03% decrease in his position.
• Analysts have mixed opinions on Tyler Technologies, with some raising target prices and others lowering ratings, resulting in an average target price of $688.27 and a consensus rating of "Moderate Buy."

Kodai Capital Management LP cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,506 shares of the technology company's stock after selling 2,725 shares during the period. Kodai Capital Management LP owned about 0.08% of Tyler Technologies worth $20,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after buying an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies during the first quarter worth approximately $38,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $40,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on 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 transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the transaction, the insider owned 247 shares in the company, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,769 shares of company stock worth $12,134,207 in the last three months. Insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 0.9%

Shares of TYL opened at $555.95 on Friday. The firm has a market cap of $24.05 billion, a PE ratio of 79.42, a price-to-earnings-growth ratio of 4.30 and a beta of 0.85. The company's 50 day simple moving average is $573.52 and its 200-day simple moving average is $575.65. 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 announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $587.59 million. During the same period last year, the firm posted $2.40 earnings per share. The company's revenue for the quarter 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. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TYL shares. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barclays upped their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note 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 price target on the stock. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $688.27.

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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