Tyler Technologies, Inc. $TYL Shares Sold by Seilern Investment Management Ltd

Key Points

• Seilern Investment Management Ltd decreased its stake in Tyler Technologies by 2.8%, selling 4,168 shares; they now hold 145,513 shares worth approximately $86.27 million.
• Analysts have mixed opinions on Tyler Technologies, with Barclays raising their price target to $715.00 and a consensus rating of "Moderate Buy," while Wall Street Zen downgraded the stock from "buy" to "hold."
• In the most recent quarter, Tyler Technologies reported **$2.91 EPS**, exceeding the **$2.78 consensus estimate**, with revenues of **$584.01 million**, reflecting a **10.2% year-over-year growth**.

Seilern Investment Management Ltd lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 145,513 shares of the technology company's stock after selling 4,168 shares during the period. Tyler Technologies accounts for about 5.7% of Seilern Investment Management Ltd's portfolio, making the stock its 10th largest position. Seilern Investment Management Ltd owned approximately 0.34% of Tyler Technologies worth $86,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new position in Tyler Technologies during the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies during the 1st quarter worth $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in Tyler Technologies during the first quarter worth about $38,000. Institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred 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 in the company, 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 90 days, insiders have sold 19,500 shares of company stock worth $11,148,043. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TYL. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Trading Up 0.9%

Shares of NYSE:TYL traded up $4.53 on Friday, reaching $534.58. 97,294 shares of the company's stock were exchanged, compared to its average volume of 292,070. The company has a fifty day moving average of $563.65 and a 200-day moving average of $568.12. The company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 4.11 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31.

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, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during 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 business's revenue was up 10.2% on a year-over-year basis. 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. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.