Tyler Technologies, Inc. $TYL Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP reduced its holdings in Tyler Technologies by 67.8%, selling 3,102 shares, leaving them with 1,474 shares valued at approximately $857,000 at the end of the first quarter.
• Insider trading activity included CFO Brian K. Miller and CEO H Lynn Moore, Jr. selling shares, leading to a decrease in their respective ownership stakes by 6.97% and 6.03%.
• Tyler Technologies reported a Q2 EPS of $2.91, exceeding analysts' expectations, and set FY 2025 guidance at 11.200-11.500 EPS.

Quantbot Technologies LP trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 67.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,474 shares of the technology company's stock after selling 3,102 shares during the quarter. Quantbot Technologies LP's holdings in Tyler Technologies were worth $857,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after purchasing an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after purchasing an additional 59,554 shares during the period. GAMMA Investing LLC raised its holdings in shares of Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after purchasing an additional 876,960 shares during the period. Northern Trust Corp raised its holdings in shares of Tyler Technologies by 13.9% in the 4th quarter. Northern Trust Corp now owns 497,367 shares of the technology company's stock worth $286,802,000 after purchasing an additional 60,654 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Tyler Technologies by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock worth $279,117,000 after purchasing an additional 14,219 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TYL shares. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays raised their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Trading Up 1.1%

TYL stock traded up $6.05 during midday trading on Friday, hitting $562.33. 278,126 shares of the company's stock were exchanged, compared to its average volume of 329,290. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31. The firm has a 50 day moving average price of $573.37 and a 200-day moving average price of $575.08. The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 80.33, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period in the previous year, the business earned $2.40 EPS. Tyler Technologies'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 forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies 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 sale, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,200 shares of Tyler Technologies stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,769 shares of company stock worth $12,134,207 in the last three months. 1.10% of the stock is owned by insiders.

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.