Tyler Technologies, Inc. $TYL Shares Acquired by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC increased its holdings in Tyler Technologies by 37.4% in the second quarter, owning 102,830 shares valued at approximately $60.96 million.
• Analysts have set a consensus price target of $688.27 for Tyler Technologies, with eight rating it as a Buy and three as a Hold.
• Tyler Technologies reported a quarterly earnings per share (EPS) of $2.91, beating expectations, and has set its full-year 2025 guidance at $11.20 to $11.50 EPS.

Argent Capital Management LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 37.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 102,830 shares of the technology company's stock after acquiring an additional 27,996 shares during the period. Tyler Technologies makes up approximately 1.7% of Argent Capital Management LLC's investment portfolio, making the stock its 25th largest holding. Argent Capital Management LLC owned 0.24% of Tyler Technologies worth $60,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TYL. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies in the first quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after acquiring an additional 41 shares during the period. Cornerstone Planning Group LLC raised its stake in Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after acquiring an additional 42 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies during the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in Tyler Technologies during the 1st quarter valued at about $38,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TYL shares. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Barclays raised their price target 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, Cantor Fitzgerald started coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Stock Up 0.5%

TYL opened at $536.83 on Tuesday. The company has a market cap of $23.22 billion, a PE ratio of 76.69, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The company has a 50-day moving average price of $562.79 and a 200 day moving average price of $566.49.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company 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%.Tyler Technologies's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.