Stephens Investment Management Group LLC Sells 8,512 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Stephens Investment Management Group LLC reduced its stake in Tyler Technologies by 5.7%, selling 8,512 shares, and now owns approximately 0.33% of the company valued at $84 million.
• Several large investors, including Vanguard Group and Goldman Sachs, have increased their positions in Tyler Technologies in recent months, contributing to a significant 93.30% institutional ownership of the stock.
• Tyler Technologies reported better-than-expected quarterly earnings, posting $2.91 EPS, exceeding the projected $2.78, alongside revenue growth of 10.2% year-over-year.

Stephens Investment Management Group LLC lowered its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,713 shares of the technology company's stock after selling 8,512 shares during the period. Stephens Investment Management Group LLC owned about 0.33% of Tyler Technologies worth $84,013,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after purchasing an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after purchasing an additional 59,554 shares during the period. JPMorgan Chase & Co. boosted its stake in Tyler Technologies by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock worth $279,117,000 after purchasing an additional 14,219 shares during the period. Goldman Sachs Group Inc. boosted its stake in Tyler Technologies by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock worth $249,012,000 after purchasing an additional 62,889 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Tyler Technologies by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company's stock worth $251,819,000 after buying an additional 3,894 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on 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 trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company's stock, valued at approximately $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. Insiders sold 19,500 shares of company stock valued at $11,148,043 over the last quarter. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a report on Wednesday, October 8th. DA Davidson lowered their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Finally, Barclays increased 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. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $686.00.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $518.77 on Wednesday. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The firm has a market capitalization of $22.44 billion, a P/E ratio of 74.11, a P/E/G ratio of 3.91 and a beta of 0.89. The company's 50 day moving average price is $536.40 and its two-hundred day moving average price is $557.59.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $584.01 million for 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%. Tyler Technologies's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.

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