United Services Automobile Association Makes New Investment in Tyler Technologies, Inc. $TYL

Key Points

• United Services Automobile Association has acquired 996 shares of Tyler Technologies, Inc., valued at approximately $577,000, during the first quarter of the year.
• Several hedge funds, including GAMMA Investing LLC and Jones Financial Companies Lllp, have significantly increased their stakes in Tyler Technologies, with GAMMA's investment rising by over 57,694.7%.
• Analysts have positive forecasts for Tyler Technologies, with a current average target price of $688.27 and a majority rating of "Moderate Buy" on the stock.

United Services Automobile Association purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 996 shares of the technology company's stock, valued at approximately $577,000.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Tyler Technologies during the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after acquiring an additional 41 shares during the period. Cornerstone Planning Group LLC lifted its position in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after acquiring an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies during the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the 1st quarter valued at about $38,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 1.6%

Shares of TYL traded down $8.75 during mid-day trading on Friday, hitting $545.24. 277,778 shares of the company's stock were exchanged, compared to its average volume of 265,030. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The firm has a market capitalization of $23.59 billion, a P/E ratio of 77.89, a P/E/G ratio of 4.25 and a beta of 0.89. The business's 50 day moving average is $567.17 and its two-hundred day moving average is $570.16.

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

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's 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 transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,750 shares of company stock valued at $10,744,318. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TYL. 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 target for the company. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays upped their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $688.27.

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.