Tyler Technologies, Inc. $TYL is RGM Capital LLC's 3rd Largest Position

Key Points

• RGM Capital LLC reduced its stake in Tyler Technologies by 10.3%, now owning approximately 304,318 shares valued at $176.9 million, making it the firm's third largest holding.
• Tyler Technologies announced a quarterly EPS of $2.91, surpassing analyst estimates of $2.78, while revenue was $584.01 million, slightly below expectations.
• The stock currently has an average rating of "Moderate Buy" with eight analysts giving it a "Buy" rating and a consensus target price of $688.27.

RGM Capital LLC lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,318 shares of the technology company's stock after selling 35,000 shares during the quarter. Tyler Technologies comprises 7.3% of RGM Capital LLC's portfolio, making the stock its 3rd biggest holding. RGM Capital LLC owned 0.71% of Tyler Technologies worth $176,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC raised its stake in shares of Tyler Technologies by 10.9% in the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC raised its stake in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Tyler Technologies by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock valued at $2,984,000 after purchasing an additional 31 shares during the period. CX Institutional bought a new stake in Tyler Technologies during the 1st quarter valued at approximately $176,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Tyler Technologies during the 1st quarter valued at approximately $358,000. Institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TYL shares. Barclays lifted their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Cantor Fitzgerald started coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price on the stock. DA Davidson set a $585.00 target price on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $6.05 on Friday, reaching $562.33. The company had a trading volume of 278,126 shares, compared to its average volume of 329,290. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 80.33, a P/E/G ratio of 4.27 and a beta of 0.85. The firm's 50-day moving average price is $573.37 and its two-hundred day moving average price is $575.33. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.92, for a total value of $703,104.00. Following the completion of the transaction, the chief financial officer owned 16,016 shares in the company, valued at approximately $9,384,094.72. The trade was a 6.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the transaction, the insider owned 247 shares of the company's stock, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,769 shares of company stock worth $12,134,207. 1.10% of the stock is currently owned by company insiders.

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.