Lazard Freres Gestion S.A.S. Makes New Investment in Tyler Technologies, Inc. $TYL

Key Points

• Lazard Freres Gestion S.A.S. has acquired a new investment in Tyler Technologies, purchasing 2,000 shares valued at approximately $1,185,000.
• Tyler Technologies reported an EPS of $2.91 in its latest quarterly earnings, exceeding the consensus estimate by $0.13 and marking a 10.2% revenue increase compared to the previous year.
• Insider selling has occurred recently, with CEO H. Lynn Moore, Jr. and another insider reducing their positions, contributing to a 19,500 shares sold worth over $11 million in the last quarter.

Lazard Freres Gestion S.A.S. acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,000 shares of the technology company's stock, valued at approximately $1,185,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after buying an additional 148,762 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after purchasing an additional 59,554 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock worth $279,117,000 after purchasing an additional 14,219 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Tyler Technologies by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock worth $249,012,000 after purchasing an additional 62,889 shares during the period. Finally, Blair William & Co. IL grew its stake in Tyler Technologies by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company's stock valued at $251,819,000 after acquiring an additional 3,894 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.6%

TYL stock opened at $516.22 on Friday. The company has a market capitalization of $22.33 billion, a P/E ratio of 73.75, a PEG ratio of 3.93 and a beta of 0.89. The company has a 50-day simple moving average of $533.93 and a 200 day simple moving average of $557.15. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly 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 firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. During the same period in the previous year, the business earned $2.40 earnings per share. Tyler Technologies'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. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson cut their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Weiss Ratings restated a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Finally, Barclays increased their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $686.00.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the business's stock in a transaction dated 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 owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $48,156,479.75. The trade was 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. Company insiders own 1.10% of the company's stock.

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.

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