Voleon Capital Management LP Increases Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Voleon Capital Management LP raised its stake in Tyler Technologies by 5.8%, now owning a total of 8,293 shares worth approximately $4.82 million.
• Tyler Technologies reported $2.91 EPS for the quarter, surpassing estimates, with a revenue of $584.01 million, marking a 10.2% year-over-year increase.
• Analysts have rated Tyler Technologies with a consensus of "Moderate Buy", and the average price target is $688.27, indicating positive sentiment among market experts.

Voleon Capital Management LP raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,293 shares of the technology company's stock after purchasing an additional 456 shares during the quarter. Voleon Capital Management LP's holdings in Tyler Technologies were worth $4,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in Tyler Technologies during the first quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies in the first quarter worth about $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter worth about $38,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TYL shares. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Barclays increased their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were 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 in the company, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,994 shares of company stock worth $9,811,618 over the last ninety days. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 2.2%

Shares of TYL stock traded down $12.33 during trading on Wednesday, hitting $546.08. The company had a trading volume of 279,569 shares, compared to its average volume of 263,446. The stock's 50-day moving average is $568.81 and its two-hundred day moving average is $571.05. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 78.01, a price-to-earnings-growth ratio of 4.28 and a beta of 0.89. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $587.59 million. During the same period last year, the business 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, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.