MBB Public Markets I LLC Buys Shares of 545 Tyler Technologies, Inc. $TYL

Key Points

• MBB Public Markets I LLC acquired a new position in Tyler Technologies, purchasing 545 shares worth approximately $317,000 in the first quarter of the year.
• Several hedge funds increased their stake in Tyler Technologies, with Vanguard raising its position by 2.8% and GAMMA Investing LLC boosting it by an extraordinary 57,694.7% during the same period.
• Tyler Technologies reported earnings of $2.91 per share, surpassing analyst expectations, and increased its revenue by 10.2% year-over-year.

MBB Public Markets I LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 545 shares of the technology company's stock, valued at approximately $317,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC grew its holdings in Tyler Technologies by 10.9% in the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC grew its holdings in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after buying an additional 56 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Tyler Technologies by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock valued at $2,984,000 after buying an additional 31 shares during the period. CX Institutional purchased a new stake in Tyler Technologies in the 1st quarter valued at about $176,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Tyler Technologies in the 1st quarter valued at about $358,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,750 shares of company stock worth $10,744,318 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Cantor Fitzgerald initiated coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barclays boosted their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Price Performance

Tyler Technologies stock traded down $8.75 during midday trading on Friday, hitting $545.24. 277,778 shares of the company were exchanged, compared to its average volume of 265,030. The company's fifty day moving average price is $567.17 and its 200-day moving average price is $570.16. The company has a market cap of $23.59 billion, a PE ratio of 77.89, a price-to-earnings-growth ratio of 4.25 and a beta of 0.89. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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. 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%.Tyler Technologies's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.