Tyler Technologies, Inc. $TYL Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. increased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 82.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,029 shares of the technology company's stock after acquiring an additional 1,365 shares during the period. Shell Asset Management Co.'s holdings in Tyler Technologies were worth $1,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TYL. Mowery & Schoenfeld Wealth Management LLC lifted its stake in 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 buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC lifted 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 valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Tyler Technologies in the 1st quarter valued at approximately $38,000. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. lifted its stake in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

NYSE TYL opened at $518.01 on Thursday. The firm has a market capitalization of $22.41 billion, a P/E ratio of 74.00, a P/E/G ratio of 3.73 and a beta of 0.89. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31. The business's 50-day simple moving average is $551.94 and its 200-day simple moving average is $561.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $584.01 million for 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%.The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the firm's stock in a transaction dated 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 directly owned 3,172 shares of the company's stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were 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 directly owned 6,983 shares in the company, valued at $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $11,148,043 over the last three months. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TYL shares. UBS Group reaffirmed an "overweight" rating on shares of Tyler Technologies in a research note on Wednesday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Tyler Technologies in a research note on Saturday, September 27th. DA Davidson set a $585.00 price target on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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