Northern Trust Corp Boosts Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Northern Trust Corp increased its stake in Tyler Technologies by 0.2%, owning approximately 1.16% of the company, which is valued at about $289.8 million.
• Several other institutional investors also altered their stakes, with 93.30% of Tyler Technologies' stock currently held by institutional investors.
• Analysts maintain a consensus rating of "Moderate Buy" with a target price averaging $688.27, amidst varied ratings and price targets from leading financial firms.

Northern Trust Corp boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 498,482 shares of the technology company's stock after buying an additional 1,115 shares during the quarter. Northern Trust Corp owned approximately 1.16% of Tyler Technologies worth $289,812,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Tyler Technologies during the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT bought a new stake in Tyler Technologies during the first quarter valued at about $38,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the fourth quarter worth about $40,000. 93.30% of the stock is currently owned by institutional investors.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the sale, the insider owned 247 shares of the company's stock, valued at $141,679.20. The trade was a 60.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company'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 sale, 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. Over the last three months, insiders sold 24,102 shares of company stock valued at $14,028,884. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Robert W. Baird lowered their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note 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. According to MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Stock Performance

TYL stock opened at $567.3350 on Thursday. The company's fifty day moving average price is $576.11 and its 200-day moving average price is $577.83. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31. The company has a market capitalization of $24.54 billion, a PE ratio of 81.05, a price-to-earnings-growth ratio of 4.38 and a beta of 0.85.

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

Tyler Technologies Company 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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