UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in Tyler Technologies, Inc. $TYL

Key Points

• UBS AM increased its stake in Tyler Technologies by 6.1%, owning approximately 0.70% of the company, valued at about $174.85 million as of its latest SEC filing.
• Tyler Technologies reported earnings of $2.91 per share for the last quarter, exceeding the consensus estimate of $2.78, with quarterly revenue rising by 10.2% year-over-year.
• Insider trading showed significant sales, with CEO H. Lynn Moore, Jr. selling 5,250 shares and a total of 18,750 shares being sold by insiders in the last quarter, reflecting potential concerns over stock performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,748 shares of the technology company's stock after purchasing an additional 17,299 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.70% of Tyler Technologies worth $174,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Palogic Value Management L.P. increased its position in shares of Tyler Technologies by 5.5% during the 1st quarter. Palogic Value Management L.P. now owns 654 shares of the technology company's stock valued at $380,000 after purchasing an additional 34 shares during the last quarter. Woodline Partners LP bought a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $2,102,000. Empowered Funds LLC grew its stake in shares of Tyler Technologies by 52.3% during the 1st quarter. Empowered Funds LLC now owns 5,463 shares of the technology company's stock valued at $3,176,000 after acquiring an additional 1,875 shares during the period. MBB Public Markets I LLC bought a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $317,000. Finally, Ascent Group LLC bought a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $2,021,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was 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 owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,915,018.95. This represents a 36.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,750 shares of company stock worth $10,744,318. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TYL has been the subject of a number of recent research reports. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. DA Davidson set a $585.00 price target on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald started coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Barclays upped their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Trading Up 0.8%

Shares of Tyler Technologies stock traded up $4.13 during trading on Wednesday, hitting $538.80. 60,305 shares of the stock traded hands, compared to its average volume of 291,510. The firm has a market cap of $23.31 billion, a P/E ratio of 76.97, a price-to-earnings-growth ratio of 4.14 and a beta of 0.89. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The stock's fifty day simple moving average is $565.15 and its 200 day simple moving average is $568.87.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating 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 firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter last year, the firm posted $2.40 earnings per share. The business'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. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

About Tyler Technologies

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.