UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position 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 boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 300,748 shares of the technology company's stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC raised its position in Tyler Technologies by 10.9% in the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after buying an additional 70 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after buying an additional 56 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Tyler Technologies by 0.6% in 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 buying an additional 31 shares during the last quarter. CX Institutional purchased a new stake in Tyler Technologies in the 1st quarter valued at $176,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Tyler Technologies in the 1st quarter valued at $358,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

TYL stock opened at $553.70 on Friday. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 79.10, a PEG ratio of 4.19 and a beta of 0.89. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The stock has a fifty day moving average of $568.08 and a 200-day moving average of $570.65.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TYL. 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 objective on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Barclays upped their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald began coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares of the company's stock, valued at $3,879,265.99. The trade was a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,750 shares of company stock valued at $10,744,318 in the last quarter. 1.10% of the stock is owned by corporate 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.

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