Petrus Trust Company LTA Makes New $277,000 Investment in Tyler Technologies, Inc. $TYL

Key Points

• Petrus Trust Company LTA has invested $277,000 in Tyler Technologies, Inc., acquiring 476 shares in the first quarter.
• Institutional investors hold a significant stake in Tyler Technologies, with hedge funds owning 93.30% of the company's stock.
• Tyler Technologies recently reported earnings of $2.91 EPS for the quarter, exceeding analysts' expectations, and is projected to achieve 8.52 EPS for the current year.

Petrus Trust Company LTA purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 476 shares of the technology company's stock, valued at approximately $277,000.

Other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Tyler Technologies in the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Tyler Technologies in the first quarter worth $38,000. Finally, Advisors Asset Management Inc. acquired a new position in Tyler Technologies in the first quarter worth $38,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on TYL. Cantor Fitzgerald began coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Trading Down 1.6%

Shares of TYL traded down $8.75 during trading hours on Friday, hitting $545.24. 277,778 shares of the stock traded hands, compared to its average volume of 292,498. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The firm has a market capitalization of $23.59 billion, a PE ratio of 77.89, a price-to-earnings-growth ratio of 4.19 and a beta of 0.89. The business has a fifty day moving average of $568.08 and a 200-day moving average of $570.65.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The firm'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. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were 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 owned 6,983 shares of the company's stock, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,750 shares of company stock valued at $10,744,318 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.