Credit Agricole S A Sells 2,777 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Credit Agricole S A reduced its stake in Tyler Technologies, Inc. by 18.8%, selling 2,777 shares and leaving it with approximately $6.98 million worth of shares.
• CEO H Lynn Moore, Jr. sold 5,250 shares for about $3.09 million, decreasing his ownership by 6.03%, while the CFO also sold shares indicating insider trading activities.
• Tyler Technologies reported a 10.2% increase in revenue year-over-year, with Q2 earnings per share of $2.91, surpassing analysts' expectations of $2.78.

Credit Agricole S A lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 18.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,997 shares of the technology company's stock after selling 2,777 shares during the period. Credit Agricole S A's holdings in Tyler Technologies were worth $6,975,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Tyler Technologies by 31.3% in the 4th quarter. First Trust Advisors LP now owns 63,218 shares of the technology company's stock valued at $36,454,000 after purchasing an additional 15,068 shares during the period. Dimensional Fund Advisors LP grew its position in Tyler Technologies by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 163,791 shares of the technology company's stock worth $94,454,000 after acquiring an additional 6,615 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Tyler Technologies by 124.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,594 shares of the technology company's stock worth $919,000 after acquiring an additional 884 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Tyler Technologies by 145.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 715 shares of the technology company's stock worth $413,000 after acquiring an additional 424 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Tyler Technologies by 14.4% during the 4th quarter. Stifel Financial Corp now owns 33,417 shares of the technology company's stock worth $19,270,000 after acquiring an additional 4,204 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded down $6.1370 during trading on Friday, hitting $560.5330. The company's stock had a trading volume of 337,302 shares, compared to its average volume of 394,834. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 80.08, a price-to-earnings-growth ratio of 4.30 and a beta of 0.85. The stock has a 50-day moving average price of $575.29 and a two-hundred day moving average price of $576.70.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $587.59 million. During the same quarter in the previous year, the business earned $2.40 earnings per share. Tyler Technologies'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. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TYL shares. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. 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 objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald started coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Insider Activity

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the sale, the insider directly owned 247 shares in the company, valued at $141,679.20. This represents a 60.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at $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. Insiders sold 20,769 shares of company stock valued at $12,134,207 in the last three months. Company insiders own 1.10% of the company's stock.

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.