Tyler Technologies, Inc. $TYL Stock Holdings Trimmed by Whittier Trust Co.

Key Points

• Whittier Trust Co. reduced its holdings in Tyler Technologies, Inc. by 18.8% in the 2nd quarter, now owning 3,017 shares valued at approximately $1.79 million.
• CEO H. Lynn Moore, Jr. sold 5,250 shares of the company at an average price of $588.89, reflecting a 6.03% decrease in his ownership position.
• Analysts have set a consensus rating of "Moderate Buy" for Tyler Technologies, with an average price target of $686.00, following recent research reports from key financial institutions.

Whittier Trust Co. reduced its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,017 shares of the technology company's stock after selling 698 shares during the quarter. Whittier Trust Co.'s holdings in Tyler Technologies were worth $1,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leelyn Smith LLC increased its holdings in Tyler Technologies by 0.9% in the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock valued at $1,234,000 after buying an additional 19 shares during the last quarter. Mather Group LLC. grew its position in shares of Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company's stock valued at $225,000 after buying an additional 19 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Tyler Technologies by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company's stock valued at $2,068,000 after buying an additional 20 shares during the last quarter. Allworth Financial LP grew its position in shares of Tyler Technologies by 9.1% during the 1st quarter. Allworth Financial LP now owns 288 shares of the technology company's stock valued at $153,000 after buying an additional 24 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its position in shares of Tyler Technologies by 2.9% during the 1st quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company's stock valued at $537,000 after buying an additional 26 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock valued at $11,148,043. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

TYL has been the subject of a number of recent research reports. UBS Group reaffirmed an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, DA Davidson decreased their target price on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $686.00.

Tyler Technologies Trading Down 1.1%

Shares of NYSE:TYL opened at $513.05 on Thursday. The company has a 50 day moving average of $535.06 and a 200-day moving average of $557.28. The firm has a market cap of $22.19 billion, a P/E ratio of 73.29, a P/E/G ratio of 3.98 and a beta of 0.89. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31.

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

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.

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