Tyler Technologies (NYSE:TYL) Insider Sells $2,242,600.00 in Stock

Key Points

• Insider John Marr, Jr. sold 4,000 shares of Tyler Technologies stock for approximately $2.24 million, reducing their ownership by 36.42% to 6,983 shares.
• Tyler Technologies reported $2.91 earnings per share for the last quarter, exceeding analysts' expectations of $2.78, with revenue totaling $584.01 million.
• Following recent transactions, hedge funds hold a substantial 93.30% stake in Tyler Technologies, indicating strong institutional interest in the company.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider John Marr, Jr. sold 4,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tyler Technologies Trading Up 1.4%

NYSE TYL traded up $7.38 on Thursday, hitting $553.29. 120,406 shares of the company were exchanged, compared to its average volume of 291,483. The company has a market cap of $23.94 billion, a PE ratio of 79.00, a PEG ratio of 4.28 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31. The stock has a fifty day moving average of $568.81 and a 200-day moving average of $571.05.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share 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 firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period last year, the firm earned $2.40 earnings per share. The business's quarterly 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, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYL. DLD Asset Management LP purchased a new stake in Tyler Technologies in the second quarter valued at approximately $5,780,190,000. Norges Bank purchased a new stake in Tyler Technologies in the 2nd quarter worth approximately $712,276,000. GAMMA Investing LLC boosted its position in Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after purchasing an additional 876,960 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Tyler Technologies by 17,308.3% during the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company's stock valued at $132,484,000 after buying an additional 226,566 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after buying an additional 148,762 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TYL shares. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $688.27.

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.

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