Oak Ridge Investments LLC Lowers Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Oak Ridge Investments LLC reduced its holdings in Tyler Technologies by 17.8%, owning 2,403 shares valued at $1.425 million after selling 521 shares last quarter.
• Tyler Technologies reported $2.91 EPS in its latest earnings, exceeding the consensus estimate by $0.13, with revenue growing by 10.2% year-on-year.
• Analysts have mixed ratings on Tyler Technologies, with Barclays raising its price target to $715 and a consensus target price of $686 for the stock.

Oak Ridge Investments LLC lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,403 shares of the technology company's stock after selling 521 shares during the quarter. Oak Ridge Investments LLC's holdings in Tyler Technologies were worth $1,425,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. boosted its holdings in Tyler Technologies by 10.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 14,810 shares of the technology company's stock valued at $8,780,000 after purchasing an additional 1,383 shares in the last quarter. Inspire Investing LLC boosted its holdings in Tyler Technologies by 5.5% in the 2nd quarter. Inspire Investing LLC now owns 4,858 shares of the technology company's stock valued at $2,880,000 after purchasing an additional 254 shares in the last quarter. Aberdeen Group plc boosted its holdings in Tyler Technologies by 2.2% in the 2nd quarter. Aberdeen Group plc now owns 25,765 shares of the technology company's stock valued at $15,275,000 after purchasing an additional 545 shares in the last quarter. Blue Trust Inc. boosted its holdings in Tyler Technologies by 30.9% in the 2nd quarter. Blue Trust Inc. now owns 199 shares of the technology company's stock valued at $118,000 after purchasing an additional 47 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in Tyler Technologies in the 2nd quarter valued at approximately $682,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $503.11 on Friday. Tyler Technologies, Inc. has a 1 year low of $483.56 and a 1 year high of $661.31. The company has a market capitalization of $21.77 billion, a P/E ratio of 71.87, a P/E/G ratio of 3.87 and a beta of 0.89. The business has a 50 day moving average price of $548.79 and a 200 day moving average price of $560.83.

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 the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million during 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. The company's quarterly revenue 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. As a group, research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays lifted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Tyler Technologies in a research report on Saturday, September 27th. UBS Group reiterated an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday. Finally, DA Davidson reduced their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a research report on Friday. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $686.00.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares of the company's stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock worth $11,148,043. Insiders own 1.10% of the company's stock.

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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