Tyler Technologies, Inc. $TYL Position Raised by Korea Investment CORP

Key Points

• Korea Investment CORP increased its position in Tyler Technologies by 11.1%, owning 28,035 shares valued at approximately $16.3 million.
• Insider selling included CFO Brian K. Miller and CEO H Lynn Moore, Jr., who sold a combined 6,450 shares of stock, indicating a decrease in their holdings.
• The average target price from various analysts for Tyler Technologies is $688.27, with the stock currently rated as a "Moderate Buy" based on multiple reports.

Korea Investment CORP lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,035 shares of the technology company's stock after acquiring an additional 2,790 shares during the period. Korea Investment CORP owned 0.07% of Tyler Technologies worth $16,299,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Tyler Technologies by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after purchasing an additional 18 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after buying an additional 19 shares during the last quarter. Leelyn Smith LLC boosted its position in shares of 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 period. Benjamin Edwards Inc. grew its holdings in Tyler Technologies by 1.5% in the 4th quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after buying an additional 22 shares in the last quarter. Finally, MV Capital Management Inc. increased its position in Tyler Technologies by 42.9% in 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 period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer owned 13,772 shares in the company, valued at approximately $7,997,675.84. This represents a 8.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm'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 sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,102 shares of company stock worth $14,028,884. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird reduced their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Piper Sandler cut their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays raised their target price on shares of 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 restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Stock Down 0.5%

Shares of TYL stock opened at $567.3350 on Thursday. The stock has a 50-day simple moving average of $576.11 and a 200 day simple moving average of $577.83. The stock has a market capitalization of $24.54 billion, a P/E ratio of 81.05, a P/E/G ratio of 4.38 and a beta of 0.85. 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 issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the company earned $2.40 EPS. Tyler Technologies's revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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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