Vanderbilt University Acquires 712 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Vanderbilt University increased its stake in Tyler Technologies by 11.9%, acquiring an additional 712 shares, bringing its total holdings to 6,702 shares valued at approximately $3.97 million.
• Several institutional investors, including Merit Financial Group and Whipplewood Advisors, have also boosted their positions in Tyler Technologies, reflecting growing interest in the company.
• Equities analysts have a generally positive outlook for Tyler Technologies, with an average rating of "Moderate Buy" and a price target increase from $695 to $715 by Barclays.

Vanderbilt University grew its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,702 shares of the technology company's stock after acquiring an additional 712 shares during the quarter. Tyler Technologies accounts for approximately 0.7% of Vanderbilt University's investment portfolio, making the stock its 25th biggest position. Vanderbilt University's holdings in Tyler Technologies were worth $3,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Advisers LP bought a new position in Tyler Technologies in the 4th quarter valued at about $231,000. Merit Financial Group LLC increased its holdings in Tyler Technologies by 28.0% in the 1st quarter. Merit Financial Group LLC now owns 677 shares of the technology company's stock valued at $394,000 after buying an additional 148 shares during the period. Whipplewood Advisors LLC increased its holdings in Tyler Technologies by 255.0% in the 1st quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after buying an additional 51 shares during the period. Portside Wealth Group LLC increased its holdings in Tyler Technologies by 7.4% in the 1st quarter. Portside Wealth Group LLC now owns 476 shares of the technology company's stock valued at $274,000 after buying an additional 33 shares during the period. Finally, Procyon Advisors LLC increased its holdings in Tyler Technologies by 7.7% in the 1st quarter. Procyon Advisors LLC now owns 2,218 shares of the technology company's stock valued at $1,290,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity

In other news, 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 value of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares of the company's stock, valued at $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $11,148,043 over the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on TYL shares. Barclays raised their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Trading Down 0.4%

Shares of NYSE TYL opened at $498.88 on Friday. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 71.27, a PEG ratio of 3.84 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $494.32 and a 12 month high of $661.31. The stock has a 50-day moving average price of $556.24 and a two-hundred day moving average price of $563.92.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $587.59 million. During the same quarter in the previous year, the firm earned $2.40 earnings per share. The business's quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share 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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