Versor Investments LP Purchases 698 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Versor Investments LP increased its stake in Tyler Technologies, Inc. by 64.7% to own a total of 1,776 shares, worth $1,033,000 at the end of the most recent quarter.
• CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock for approximately $3.09 million, reducing his ownership by 6.03%.
• Tyler Technologies recently reported earnings of $2.91 EPS, surpassing expectations, while analysts have set varying target prices, with Barclays raising theirs to $715.00.

Versor Investments LP raised its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 64.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,776 shares of the technology company's stock after buying an additional 698 shares during the period. Versor Investments LP's holdings in Tyler Technologies were worth $1,033,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC increased its stake in shares of Tyler Technologies by 10.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after purchasing an additional 70 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after buying an additional 56 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Tyler Technologies by 20.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after buying an additional 7,300 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Tyler Technologies by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after buying an additional 31 shares during the period. Finally, CX Institutional bought a new stake in shares of Tyler Technologies during the 1st quarter worth about $176,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on TYL. Robert W. Baird cut their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler cut their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, 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 report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $688.27.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer directly owned 13,772 shares in the company, valued at $7,997,675.84. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's 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 sale, the chief executive officer owned 81,775 shares of the company's stock, 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 a total of 20,769 shares of company stock worth $12,134,207 over the last three months. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Down 1.1%

Shares of TYL stock traded down $6.1370 during trading hours on Friday, hitting $560.5330. 337,302 shares of the company's stock traded hands, compared to its average volume of 399,211. The stock's 50 day simple moving average is $575.29 and its 200 day simple moving average is $577.24. The stock has a market cap of $24.25 billion, a PE ratio of 80.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 10.2% on a year-over-year basis. 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. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.