Tyler Technologies, Inc. $TYL Position Boosted by Blair William & Co. IL

Key Points

• Blair William & Co. IL has boosted its position in Tyler Technologies by 0.9%, increasing its holdings to approximately 424,768 shares valued at $251.8 million.
• Tyler Technologies reported a Q2 EPS of $2.91, surpassing expectations by $0.13, with revenue growth of 10.2% year-over-year, although it was slightly below analyst predictions.
• Analysts have high expectations for Tyler Technologies, with nine rating the stock as "Buy" and an average price target of $688.27, indicating optimism about its future performance.

Blair William & Co. IL lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,768 shares of the technology company's stock after purchasing an additional 3,894 shares during the period. Blair William & Co. IL owned about 0.99% of Tyler Technologies worth $251,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Leelyn Smith LLC increased its position in Tyler Technologies by 0.9% during the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock worth $1,234,000 after buying an additional 19 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company's stock worth $225,000 after acquiring an additional 19 shares in the last quarter. MV Capital Management Inc. increased its holdings in shares of Tyler Technologies by 42.9% during the 1st quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after acquiring an additional 24 shares during the last quarter. Curbstone Financial Management Corp raised its stake in shares of Tyler Technologies by 2.2% in the 1st quarter. Curbstone Financial Management Corp now owns 1,104 shares of the technology company's stock valued at $642,000 after acquiring an additional 24 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Tyler Technologies by 9.1% in the 1st quarter. Allworth Financial LP now owns 288 shares of the technology company's stock valued at $153,000 after acquiring an additional 24 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE TYL opened at $518.01 on Thursday. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The stock has a market cap of $22.41 billion, a PE ratio of 74.00, a PEG ratio of 3.73 and a beta of 0.89. The firm has a 50-day simple moving average of $551.94 and a 200 day simple moving average of $561.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter in the prior year, the firm posted $2.40 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of several analyst reports. UBS Group reiterated an "overweight" rating on shares of Tyler Technologies in a report on Wednesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Tyler Technologies in a research note on Saturday, September 27th. 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, DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $688.27.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company's stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 over the last ninety days. 1.10% of the stock is owned by company insiders.

About Tyler Technologies

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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