OFI Invest Asset Management Has $19.89 Million Holdings in Tyler Technologies, Inc. $TYL

Key Points

• OFI Invest Asset Management increased its holdings in Tyler Technologies by 5.6% in Q2, owning $19.89 million worth of shares after purchasing an additional 1,777 shares.
• Insider activity included significant share sales, with Director Glenn A. Carter selling 750 shares and CEO H Lynn Moore, Jr. selling 5,250 shares, resulting in notable decreases in their ownership stakes.
• Tyler Technologies reported $2.91 earnings per share for Q2, exceeding analysts' expectations, and has set a guidance of 11.200-11.500 EPS for FY 2025.

OFI Invest Asset Management lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,553 shares of the technology company's stock after purchasing an additional 1,777 shares during the period. OFI Invest Asset Management owned 0.08% of Tyler Technologies worth $19,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TYL. CX Institutional acquired a new stake in shares of Tyler Technologies in the 1st quarter valued at $176,000. Simon Quick Advisors LLC bought a new position in Tyler Technologies in the 1st quarter worth $234,000. Fifth Third Bancorp raised its holdings in Tyler Technologies by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 1,468 shares of the technology company's stock worth $853,000 after acquiring an additional 312 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Tyler Technologies in the 1st quarter worth $221,000. Finally, Azzad Asset Management Inc. ADV bought a new position in Tyler Technologies in the 1st quarter worth $3,257,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, 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 value of $403,725.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. The trade was 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 19,500 shares of company stock valued at $11,148,043 over the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Tyler Technologies Stock Performance

NYSE:TYL opened at $503.11 on Friday. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 71.87, a PEG ratio of 3.87 and a beta of 0.89. The firm's 50-day moving average is $548.79 and its 200-day moving average is $560.83. Tyler Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.

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