Free Trial

Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Motley Fool Wealth Management LLC

Tyler Technologies logo with Computer and Technology background

Key Points

  • Motley Fool Wealth Management LLC reduced its stake in Tyler Technologies by 8.3%, selling 1,978 shares during the first quarter, leaving them with approximately 0.05% of the company valued at $12.67 million.
  • Tyler Technologies reported a quarterly EPS of $2.91, beating analyst expectations, while its revenue was $584.01 million for the quarter, a 10.2% increase year-over-year.
  • Institutional investors hold a significant majority of the company's stock, with 93.30% ownership, indicating strong institutional confidence in Tyler Technologies.
  • Need better tools to track Tyler Technologies? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Motley Fool Wealth Management LLC cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,791 shares of the technology company's stock after selling 1,978 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.05% of Tyler Technologies worth $12,669,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Tyler Technologies during the 1st quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after acquiring an additional 41 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Tyler Technologies during the 4th quarter worth about $40,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $568.66, for a total value of $2,274,640.00. Following the transaction, the insider directly owned 6,983 shares in the company, valued at $3,970,952.78. The trade was a 36.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the transaction, the insider owned 247 shares in the company, valued at $141,679.20. The trade was a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,352 shares of company stock worth $14,655,376 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

TYL traded down $19.58 on Tuesday, reaching $564.62. 341,294 shares of the company's stock were exchanged, compared to its average volume of 387,879. The stock has a market cap of $24.43 billion, a PE ratio of 80.66, a P/E/G ratio of 4.49 and a beta of 0.85. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The stock's fifty day moving average price is $577.11 and its 200-day moving average price is $579.10.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.40 earnings per share. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price target 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. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target for the company. Finally, Robert W. Baird reduced their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Check Out Our Latest Report on Tyler Technologies

About Tyler Technologies

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

Should You Invest $1,000 in Tyler Technologies Right Now?

Before you consider Tyler Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tyler Technologies wasn't on the list.

While Tyler Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines