Tyler Technologies, Inc. $TYL Shares Sold by Formuepleje A S

Key Points

• Formuepleje A S cut its Tyler Technologies position by 76% in the second quarter, selling 8,879 shares and retaining 2,800 shares valued at approximately $819,000. Institutional investors and hedge funds collectively own 93.3% of the company.
• Tyler Technologies’ COO Jeffrey Puckett sold 8,500 shares for about $3.03 million, reducing his direct stake by 52.2%; insiders own 1.1% of the stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $456.72. The company recently beat quarterly EPS estimates, while revenue rose 8.2% year over year.

Formuepleje A S lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 76.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,800 shares of the technology company's stock after selling 8,879 shares during the period. Formuepleje A S's holdings in Tyler Technologies were worth $819,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the 1st quarter valued at about $38,000. NewEdge Advisors LLC boosted its stake in Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock valued at $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP bought a new position in Tyler Technologies in the 1st quarter worth about $2,102,000. Geneos Wealth Management Inc. grew its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Tyler Technologies by 12.5% in the second quarter. American Century Companies Inc. now owns 621 shares of the technology company's stock valued at $368,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the transaction, the chief operating officer directly owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TYL shares. UBS Group set a $395.00 price target on Tyler Technologies in a report on Saturday, August 1st. TD Cowen decreased their price objective on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a report on Monday, July 27th. Barclays raised their target price on Tyler Technologies from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, June 10th. Zacks Research lowered Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Guggenheim initiated coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $440.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $456.72.

Tyler Technologies Trading Down 0.2%

Shares of NYSE:TYL opened at $363.48 on Monday. The company has a 50 day moving average of $325.86 and a 200-day moving average of $325.74. The firm has a market cap of $14.88 billion, a P/E ratio of 48.21, a P/E/G ratio of 2.40 and a beta of 0.84. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million during the quarter, compared to analysts' expectations of $647.95 million. During the same period last year, the firm posted $2.91 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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