Voya Investment Management LLC Has $13.47 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Voya Investment Management LLC has reduced its position in Tyler Technologies, Inc. by 2.7%, owning 23,167 shares worth approximately $13.47 million after selling 650 shares.
• Tyler Technologies reported $2.91 earnings per share for the last quarter, surpassing expectations, but its revenue fell short of forecasts at $584.01 million, up 10.2% year-over-year.
• Insider trading activity showed CEO H. Lynn Moore, Jr. sold 5,250 shares for over $3 million, marking a 6.03% decrease in his ownership stake.

Voya Investment Management LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,167 shares of the technology company's stock after selling 650 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Tyler Technologies worth $13,469,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC lifted its holdings in Tyler Technologies by 10.9% during the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC boosted its stake in Tyler Technologies by 12.6% during the first quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after buying an additional 56 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Tyler Technologies by 0.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock valued at $2,984,000 after buying an additional 31 shares during the period. CX Institutional bought a new stake in Tyler Technologies during the first quarter valued at $176,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Tyler Technologies during the first quarter worth about $358,000. 93.30% of the stock is currently owned by institutional investors.

Insider Activity at Tyler Technologies

In related 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 value of $2,242,600.00. Following the completion of the sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $11,148,043. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Barclays upped their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald assumed 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $4.97 during mid-day trading on Friday, hitting $535.02. The stock had a trading volume of 995,765 shares, compared to its average volume of 276,738. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The firm has a market cap of $23.14 billion, a PE ratio of 76.43, a PEG ratio of 4.07 and a beta of 0.89. The company has a 50 day moving average of $563.32 and a two-hundred day moving average of $567.54.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $587.59 million. During the same period in the prior year, the company posted $2.40 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities 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.