National Pension Service Acquires 5,327 Shares of Tyler Technologies, Inc. $TYL

Key Points

• National Pension Service increased its stake in Tyler Technologies by 8.5% in the first quarter, owning 0.16% of the company, worth approximately $39.3 million.
• Tyler Technologies reported an EPS of $2.91 for the most recent quarter, beating analysts' estimates by $0.13, while its revenue increased by 10.2% year-over-year.
• Several analysts have given Tyler Technologies an average rating of "Moderate Buy", with target prices ranging from $610 to $750, reflecting a consensus target price of $688.27.

National Pension Service boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,632 shares of the technology company's stock after purchasing an additional 5,327 shares during the quarter. National Pension Service owned about 0.16% of Tyler Technologies worth $39,321,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Tyler Technologies during the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its position 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 buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies during the fourth quarter valued at approximately $40,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the 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 transaction, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,200 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares of the company's stock, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,102 shares of company stock valued at $16,303,524 over the last 90 days. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $3.3650 during trading on Wednesday, hitting $566.8950. 73,319 shares of the stock were exchanged, compared to its average volume of 292,986. The stock's fifty day moving average is $576.44 and its 200 day moving average is $577.90. The stock has a market cap of $24.52 billion, a PE ratio of 81.05, a P/E/G ratio of 4.36 and a beta of 0.85. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results 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 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 prior year, the firm posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on TYL shares. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird reduced their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price on the stock. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $688.27.

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.