TD Asset Management Inc Lowers Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• TD Asset Management Inc has reduced its position in Tyler Technologies, Inc. by 16.4%, resulting in ownership of 138,876 shares worth approximately $82.3 million.
• Several other hedge funds have increased their stakes in Tyler Technologies, with notable increases from Sumitomo Mitsui DS Asset Management and Argent Capital Management by 61.2% and 37.4%, respectively.
• Tyler Technologies reported $2.91 earnings per share (EPS) for the last quarter, surpassing the consensus estimate, and has set guidance for FY 2025 EPS between 11.200-11.500.

TD Asset Management Inc reduced its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 16.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 138,876 shares of the technology company's stock after selling 27,234 shares during the period. TD Asset Management Inc owned about 0.32% of Tyler Technologies worth $82,331,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC lifted its holdings in shares of Tyler Technologies by 10.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after acquiring an additional 70 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after buying an additional 56 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Tyler Technologies by 61.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,747 shares of the technology company's stock worth $5,778,000 after buying an additional 3,699 shares during the period. Argent Capital Management LLC increased its position in shares of Tyler Technologies by 37.4% in the 2nd quarter. Argent Capital Management LLC now owns 102,830 shares of the technology company's stock worth $60,962,000 after purchasing an additional 27,996 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in shares of Tyler Technologies in the 2nd quarter worth about $682,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 4,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $3,915,018.95. This represents a 36.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock worth $11,148,043. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 0.0%

NYSE TYL opened at $506.32 on Wednesday. The company has a 50-day moving average price of $544.85 and a two-hundred day moving average price of $559.84. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of 72.33, a price-to-earnings-growth ratio of 3.88 and a beta of 0.89. Tyler Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same period last year, the firm posted $2.40 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TYL shares. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyler Technologies in a research report on Tuesday. Finally, DA Davidson lowered their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $686.00.

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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.