Oliver Lagore Vanvalin Investment Group Invests $1.76 Million in Tyler Technologies, Inc. $TYL

Key Points

• The Oliver Lagore Vanvalin Investment Group invested approximately $1.76 million in Tyler Technologies, acquiring 3,023 shares during the second quarter.
• Institutional investors hold 93.30% of Tyler Technologies shares, reflecting strong institutional interest in the company.
• Tyler Technologies reported a 10.2% increase in revenue compared to the previous year, along with earnings per share (EPS) for the last quarter surpassing analysts' expectations.

Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,023 shares of the technology company's stock, valued at approximately $1,758,000.

Several other large investors have also recently modified their holdings of TYL. Quantinno Capital Management LP grew its stake in Tyler Technologies by 74.2% in the 4th quarter. Quantinno Capital Management LP now owns 2,401 shares of the technology company's stock worth $1,385,000 after buying an additional 1,023 shares in the last quarter. Royal Bank of Canada increased its position in Tyler Technologies by 15.4% during the 4th quarter. Royal Bank of Canada now owns 95,016 shares of the technology company's stock valued at $54,791,000 after purchasing an additional 12,686 shares during the period. Two Sigma Investments LP purchased a new position in Tyler Technologies during the 4th quarter valued at $1,939,000. Two Sigma Advisers LP purchased a new stake in shares of Tyler Technologies in the 4th quarter worth about $231,000. Finally, Vident Advisory LLC grew its position in shares of Tyler Technologies by 23.1% in the 4th quarter. Vident Advisory LLC now owns 1,384 shares of the technology company's stock worth $798,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares in the company, valued at $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. 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 Tyler Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares of the company's stock, 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 sold 19,500 shares of company stock worth $11,148,043 over the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TYL has been the topic of several research analyst reports. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald assumed 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 on the stock. Finally, Barclays raised their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded down $4.73 on Tuesday, hitting $531.43. 63,341 shares of the company's stock were exchanged, compared to its average volume of 295,701. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31. The stock has a market capitalization of $22.99 billion, a price-to-earnings ratio of 75.72, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89. The business's 50 day simple moving average is $562.79 and its two-hundred day simple moving average is $566.49.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts forecast 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.