Seilern Investment Management Ltd Sells 4,168 Shares of Tyler Technologies, Inc. $TYL

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 reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,513 shares of the technology company's stock after selling 4,168 shares during the period. Tyler Technologies comprises 5.7% of Seilern Investment Management Ltd's portfolio, making the stock its 10th largest position. Seilern Investment Management Ltd owned 0.34% of Tyler Technologies worth $86,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TYL. Norway Savings Bank raised its holdings in Tyler Technologies by 1.2% in the second quarter. Norway Savings Bank now owns 4,284 shares of the technology company's stock valued at $2,540,000 after acquiring an additional 52 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Tyler Technologies by 12.6% in the second quarter. Central Pacific Bank Trust Division now owns 259 shares of the technology company's stock valued at $154,000 after acquiring an additional 29 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Tyler Technologies in the first quarter valued at $1,083,000. Inspire Investing LLC raised its holdings in Tyler Technologies by 4.6% in the first quarter. Inspire Investing LLC now owns 4,604 shares of the technology company's stock valued at $2,677,000 after acquiring an additional 204 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Tyler Technologies in the first quarter valued at $2,099,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of 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 shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target on the stock. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the company 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $545.24 on Friday. The company has a 50-day simple moving average of $567.17 and a 200-day simple moving average of $569.83. The firm has a market capitalization of $23.59 billion, a P/E ratio of 77.89, a P/E/G ratio of 4.25 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS 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 analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction dated Thursday, August 28th. The shares were 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 owned 6,983 shares in the company, valued at $3,879,265.99. This represents a 37.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer owned 81,775 shares of the company's stock, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,750 shares of company stock valued at $10,744,318 in the last quarter. 1.10% of the stock is currently owned by 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.

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