William Blair Investment Management LLC Has $212.52 Million Stake in Tyler Technologies, Inc. $TYL

Key Points

• William Blair Investment Management LLC increased its stake in Tyler Technologies, Inc. by 16.2%, owning $212.52 million worth of shares following a purchase of 49,915 shares in the second quarter.
• Insider selling was noted, with CEO H Lynn Moore, Jr. selling 5,250 shares at an average price of $588.89, and insider John S. Marr, Jr. selling 4,000 shares at an average of $560.65.
• Tyler Technologies reported a quarterly EPS of $2.91, exceeding analysts’ estimates, with a revenue growth of 10.2% year-over-year, but the company's revenue was slightly below expectations.

William Blair Investment Management LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 16.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 358,474 shares of the technology company's stock after acquiring an additional 49,915 shares during the period. William Blair Investment Management LLC owned 0.83% of Tyler Technologies worth $212,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its holdings 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 purchasing an additional 56 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Tyler Technologies by 14.5% during the 1st quarter. QRG Capital Management Inc. now owns 1,375 shares of the technology company's stock worth $799,000 after buying an additional 174 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Tyler Technologies by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,012 shares of the technology company's stock worth $2,913,000 after buying an additional 130 shares during the period. Vanderbilt University acquired a new position in Tyler Technologies in the 1st quarter valued at $3,483,000. Finally, Norway Savings Bank raised its holdings in Tyler Technologies by 3.4% in the 1st quarter. Norway Savings Bank now owns 4,232 shares of the technology company's stock worth $2,460,000 after acquiring an additional 138 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 Tyler Technologies stock in a transaction dated 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 sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $11,148,043 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Up 1.7%

Shares of TYL opened at $505.16 on Friday. The stock's 50-day moving average price is $538.80 and its 200 day moving average price is $558.30. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 72.17, a P/E/G ratio of 3.81 and a beta of 0.89. Tyler Technologies, Inc. has a 12-month low of $483.56 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TYL. DA Davidson decreased their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday. Finally, UBS Group reaffirmed an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $686.00.

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.

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