Lbp Am Sa Acquires Shares of 3,265 Tyler Technologies, Inc. $TYL

Key Points

• Lbp Am Sa has acquired 3,265 shares of Tyler Technologies, Inc. (NYSE:TYL), valued at approximately $1,936,000.
• The company's stock has received multiple upgrades, with Barclays increasing its price target from $695.00 to $715.00 and a consensus average target price of $688.27 from analysts.
• Tyler Technologies reported $2.91 EPS for the last quarter, exceeding the consensus estimate of $2.78, while revenues grew by 10.2% year-over-year.

Lbp Am Sa acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,265 shares of the technology company's stock, valued at approximately $1,936,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in shares of Tyler Technologies by 10.7% during the second quarter. Truist Financial Corp now owns 5,858 shares of the technology company's stock valued at $3,473,000 after buying an additional 565 shares during the last quarter. One Wealth Advisors LLC boosted its position in shares of Tyler Technologies by 8.5% during the second quarter. One Wealth Advisors LLC now owns 432 shares of the technology company's stock valued at $256,000 after buying an additional 34 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Tyler Technologies by 19.7% during the second quarter. HB Wealth Management LLC now owns 5,236 shares of the technology company's stock valued at $3,104,000 after buying an additional 862 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Tyler Technologies by 6.6% during the second quarter. V Square Quantitative Management LLC now owns 650 shares of the technology company's stock valued at $385,000 after buying an additional 40 shares during the last quarter. Finally, Patton Fund Management Inc. purchased a new position in shares of Tyler Technologies during the second quarter valued at approximately $285,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the topic of several research analyst reports. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Price Performance

Shares of TYL opened at $498.88 on Friday. The firm has a market cap of $21.58 billion, a PE ratio of 71.27, a PEG ratio of 3.84 and a beta of 0.89. The stock's fifty day moving average price is $556.24 and its two-hundred day moving average price is $563.92. Tyler Technologies, Inc. has a 1 year low of $494.32 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts anticipate 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, insider John S. Marr, Jr. sold 4,000 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $11,148,043 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

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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