Vestmark Advisory Solutions Inc. Increases Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Tyler Technologies, Inc. by 111.7% in Q1, now holding 1,226 shares valued at $713,000.
• Insider transactions included CEO H Lynn Moore, Jr. selling 5,250 shares and CFO Brian K. Miller selling 1,200 shares, marking notable decreases in their ownership of the company.
• Tyler Technologies' stock is currently down 0.5% and has a market cap of $24.54 billion, with analysts giving it a "Moderate Buy" rating and an average target price of $688.27.

Vestmark Advisory Solutions Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 111.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,226 shares of the technology company's stock after buying an additional 647 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Tyler Technologies were worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after buying an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after buying an additional 59,554 shares during the period. GAMMA Investing LLC boosted its position in Tyler Technologies by 57,694.7% during the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after buying an additional 876,960 shares during the period. Northern Trust Corp boosted its position in Tyler Technologies by 13.9% during the 4th quarter. Northern Trust Corp now owns 497,367 shares of the technology company's stock worth $286,802,000 after buying an additional 60,654 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Tyler Technologies by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock worth $279,117,000 after purchasing an additional 14,219 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm'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 transaction, the chief executive officer owned 81,775 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,200 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.92, for a total transaction of $703,104.00. Following the completion of the transaction, the chief financial officer owned 16,016 shares in the company, valued at $9,384,094.72. This represents a 6.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,769 shares of company stock worth $12,134,207 over the last ninety days. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Barclays boosted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research 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 research report on Tuesday, August 5th. Finally, Robert W. Baird dropped their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $688.27.

Tyler Technologies Stock Down 1.0%

TYL traded down $5.7290 during trading on Friday, hitting $560.9410. 232,650 shares of the company traded hands, compared to its average volume of 292,955. The firm has a market cap of $24.27 billion, a P/E ratio of 80.19, a price-to-earnings-growth ratio of 4.36 and a beta of 0.85. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31. The stock's fifty day moving average is $575.69 and its 200 day moving average is $577.57.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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 net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the firm earned $2.40 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. 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 EPS for the current fiscal 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.