Thematics Asset Management Sells 610 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Thematics Asset Management reduced its stake in Tyler Technologies by 1.9%, owning approximately 31,542 shares worth about $18.34 million by the end of the last quarter.
• Despite Thematics Asset Management's cut, several institutional investors increased their positions in Tyler Technologies, with Comerica Bank boosting its stake by 18.2% during the same period.
• Wall Street analysts have mixed ratings for Tyler Technologies, with a consensus "Moderate Buy" and an average price target of $688.27, following a recent earnings report that exceeded expectations.

Thematics Asset Management decreased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,542 shares of the technology company's stock after selling 610 shares during the quarter. Thematics Asset Management owned approximately 0.07% of Tyler Technologies worth $18,338,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC purchased a new stake in Tyler Technologies in the 1st quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of 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 during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies in the first quarter worth $38,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies in the fourth quarter worth $40,000. Institutional investors own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the transaction, the insider directly owned 247 shares of the company's stock, valued at approximately $141,679.20. The trade was a 60.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,200 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the transaction, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,769 shares of company stock worth $12,134,207. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded down $4.86 on Thursday, reaching $555.95. The company had a trading volume of 292,980 shares, compared to its average volume of 294,180. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of 79.42, a P/E/G ratio of 4.20 and a beta of 0.85. The firm's 50-day moving average price is $573.78 and its two-hundred day moving average price is $576.04. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31.

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, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.Tyler Technologies'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, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TYL shares. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barclays lifted their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald assumed coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $688.27.

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.