Latitude Advisors LLC Sells 500 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Latitude Advisors LLC reduced its stake in Tyler Technologies, Inc. by 6.2%, selling 500 shares and now holding 7,610 shares valued at approximately $4.51 million, making it their 6th largest holding.
• Insiders, including CEO H. Lynn Moore, Jr., have recently sold significant amounts of Tyler Technologies stock, with Moore selling 5,250 shares for over $3 million, indicating a decrease in their positions.
• Despite a slight drop of 0.9% in stock value recently, analysts maintain a majority Buy rating for Tyler Technologies, with an average price target of $686.00, suggesting optimism about its future performance.

Latitude Advisors LLC decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,610 shares of the technology company's stock after selling 500 shares during the quarter. Tyler Technologies comprises approximately 2.3% of Latitude Advisors LLC's holdings, making the stock its 6th biggest holding. Latitude Advisors LLC's holdings in Tyler Technologies were worth $4,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WCM Investment Management LLC lifted its holdings in shares of Tyler Technologies by 10.0% during the 2nd quarter. WCM Investment Management LLC now owns 2,742 shares of the technology company's stock valued at $1,593,000 after acquiring an additional 250 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in Tyler Technologies by 6.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 3,491 shares of the technology company's stock worth $2,070,000 after buying an additional 206 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies during the 2nd quarter worth $30,000. Twin Tree Management LP purchased a new stake in Tyler Technologies during the 2nd quarter worth $2,054,000. Finally, Verdence Capital Advisors LLC increased its stake in Tyler Technologies by 5.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 509 shares of the technology company's stock worth $302,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 4,000 shares of the business'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 value of $2,242,600.00. Following the sale, the insider directly owned 6,983 shares in the company, valued at $3,915,018.95. The trade was a 36.42% decrease in their position. The transaction 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 business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction 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. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $11,148,043 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Down 0.9%

Tyler Technologies stock opened at $501.48 on Thursday. The firm has a 50-day moving average price of $542.63 and a two-hundred day moving average price of $559.43. The firm has a market capitalization of $21.69 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 3.88 and a beta of 0.89. Tyler Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson dropped their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyler Technologies in a research note on Tuesday. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Barclays boosted 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. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $686.00.

Tyler Technologies 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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