MGO One Seven LLC Invests $421,000 in Tyler Technologies, Inc. $TYL

Key Points

• MGO One Seven LLC has invested approximately $421,000 in Tyler Technologies, acquiring 710 shares, as reported in their recent SEC filing.
• Several institutional investors, including Jones Financial and Vanguard Group, significantly increased their stakes in Tyler Technologies during the first quarter, with institutional ownership now at 93.30%.
• Analysts hold a generally positive outlook on Tyler Technologies, with a consensus rating of "Moderate Buy" and an average price target of $686.00.

MGO One Seven LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 710 shares of the technology company's stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Jones Financial Companies Lllp grew its stake in Tyler Technologies by 17,308.3% in the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company's stock valued at $132,484,000 after purchasing an additional 226,566 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after buying an additional 148,762 shares during the last quarter. Nuveen LLC bought a new position in shares of Tyler Technologies in the first quarter valued at $57,108,000. TCW Group Inc. grew its stake in shares of Tyler Technologies by 144.0% in the first quarter. TCW Group Inc. now owns 152,775 shares of the technology company's stock valued at $88,822,000 after buying an additional 90,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Tyler Technologies by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock worth $249,012,000 after buying an additional 62,889 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction 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 completion of the sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. 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 90 days. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tyler Technologies Stock Up 1.7%

Tyler Technologies stock opened at $505.16 on Friday. The stock has a market cap of $21.85 billion, a P/E ratio of 72.17, a P/E/G ratio of 3.88 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The company's 50-day moving average price is $538.80 and its two-hundred day moving average price is $558.14.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $584.01 million during the quarter, compared to analysts' expectations 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 quarter 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. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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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