Northwest & Ethical Investments L.P. Boosts Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Tyler Technologies by 42.0%, owning 5,292 shares worth $3,077,000 as of the latest SEC disclosure.
• Insiders sold a total of 28,102 shares of Tyler Technologies stock in the past three months, with significant sales by insiders Abigail Marshall Diaz-Pedrosa and John S. Marr, Jr.
• Tyler Technologies reported $2.91 EPS for the last quarter, surpassing consensus estimates of $2.78, and its revenue was up 10.2% compared to the previous year.

Northwest & Ethical Investments L.P. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,292 shares of the technology company's stock after buying an additional 1,565 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Tyler Technologies were worth $3,077,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 2.8% during the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after buying an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Tyler Technologies by 6.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after buying an additional 59,554 shares during the period. GAMMA Investing LLC increased its position in shares of Tyler Technologies by 57,694.7% during the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after buying an additional 876,960 shares during the period. Northern Trust Corp increased its position in shares of Tyler Technologies by 13.9% during the fourth quarter. Northern Trust Corp now owns 497,367 shares of the technology company's stock worth $286,802,000 after buying an additional 60,654 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock worth $279,117,000 after buying an additional 14,219 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider owned 247 shares of the company's stock, valued at $141,679.20. This trade represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,769 shares of company stock worth $12,134,207. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 1.1%

Tyler Technologies stock traded down $6.1370 during midday trading on Friday, hitting $560.5330. 337,302 shares of the stock were exchanged, compared to its average volume of 399,211. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 80.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. The business's 50-day moving average price is $575.29 and its 200-day moving average price is $577.24.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. During the same period in the previous year, the company earned $2.40 earnings per share. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts predict 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 subject of a number of research reports. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Piper Sandler reduced their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. 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 report on Thursday, July 31st. Robert W. Baird reduced their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $688.27.

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.