Praesidium Investment Management Company LLC Has $32.91 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Praesidium Investment Management Company LLC reduced its stake in Tyler Technologies by 6.6%, making the company its 9th largest holding, representing 6.1% of its portfolio valued at approximately $32.9 million.
• Several institutional investors, including the Royal Bank of Canada and Panagora Asset Management, significantly increased their positions in Tyler Technologies during the first quarter, highlighting a trend of positive interest in the company's stock.
• Tyler Technologies reported a 10.2% revenue increase year-over-year with earnings of $2.91 per share for the last quarter, surpassing analyst expectations, though its revenue fell slightly short of estimates.

Praesidium Investment Management Company LLC reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,600 shares of the technology company's stock after selling 4,028 shares during the period. Tyler Technologies comprises approximately 6.1% of Praesidium Investment Management Company LLC's portfolio, making the stock its 9th biggest holding. Praesidium Investment Management Company LLC owned about 0.13% of Tyler Technologies worth $32,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Retirement Wealth Solutions LLC bought a new position in Tyler Technologies during the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of 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 during the period. Cornerstone Planning Group LLC boosted its stake in shares of 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 purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Tyler Technologies by 255.0% during the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after purchasing an additional 51 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.92, for a total value of $703,104.00. Following the completion of the transaction, the chief financial officer owned 16,016 shares in the company, valued at approximately $9,384,094.72. This represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,644 shares of company stock worth $14,280,109. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 0.0%

TYL traded up $0.08 during trading on Thursday, reaching $553.91. The stock had a trading volume of 403,887 shares, compared to its average volume of 293,909. The stock's 50 day moving average is $571.72 and its two-hundred day moving average is $573.72. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 79.13, a P/E/G ratio of 4.32 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $513.52 and a one year 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, topping analysts' consensus estimates of $2.78 by $0.13. The business 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%.The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TYL. Cantor Fitzgerald began coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Barclays increased their price objective 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, Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.