Tyler Technologies, Inc. $TYL Holdings Raised by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Tyler Technologies by 29.3%, acquiring an additional 3,600 shares, bringing its total holdings to $9,227,000.
• Several institutional investors, including GAMMA Investing LLC and Vanguard Group Inc., significantly increased their holdings in Tyler Technologies during the first quarter, contributing to 93.30% institutional ownership of the company's stock.
• Tyler Technologies reported earnings of $2.91 per share for the last quarter, exceeding analyst estimates, and has set a fiscal year 2025 EPS guidance of 11.200-11.500.

Canada Pension Plan Investment Board boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 29.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,870 shares of the technology company's stock after purchasing an additional 3,600 shares during the quarter. Canada Pension Plan Investment Board's holdings in Tyler Technologies were worth $9,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TYL. GAMMA Investing LLC boosted its position in Tyler Technologies by 57,694.7% during the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after purchasing an additional 876,960 shares during the period. Vanguard Group Inc. boosted its position in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after purchasing an additional 148,762 shares during the period. Nuveen LLC acquired a new position in Tyler Technologies during the 1st quarter valued at approximately $57,108,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tyler Technologies by 52.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock valued at $163,448,000 after purchasing an additional 97,718 shares during the period. Finally, TCW Group Inc. boosted its position in Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company's stock valued at $88,822,000 after purchasing an additional 90,172 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 1,200 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $580.72, for a total value of $696,864.00. Following the completion of 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. In the last three months, insiders have sold 25,019 shares of company stock worth $14,495,209. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

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

Tyler Technologies Stock Down 1.8%

Shares of Tyler Technologies stock opened at $553.00 on Wednesday. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 79.00, a price-to-earnings-growth ratio of 4.32 and a beta of 0.89. The business has a fifty day simple moving average of $572.30 and a 200-day simple moving average of $573.86. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating 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 return on equity of 10.34% and a net margin of 13.66%.The company's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.

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