Ascent Group LLC Has $1.99 Million Position in Tyler Technologies, Inc. $TYL

Ascent Group LLC cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,363 shares of the technology company’s stock after selling 114 shares during the quarter. Ascent Group LLC’s holdings in Tyler Technologies were worth $1,994,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ameritas Advisory Services LLC increased its holdings in shares of Tyler Technologies by 381.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 2,402 shares of the technology company’s stock worth $1,424,000 after acquiring an additional 1,903 shares during the last quarter. Vanderbilt University increased its holdings in shares of Tyler Technologies by 11.9% during the 2nd quarter. Vanderbilt University now owns 6,702 shares of the technology company’s stock worth $3,973,000 after acquiring an additional 712 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $229,000. Triad Wealth Partners LLC acquired a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $261,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tyler Technologies by 9.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,228 shares of the technology company’s stock worth $3,099,000 after acquiring an additional 465 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $502.41 on Friday. The stock’s fifty day moving average price is $555.17 and its two-hundred day moving average price is $563.32. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 71.77, a P/E/G ratio of 3.86 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $494.32 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its earnings results 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. The firm 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 revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of the company’s stock in a transaction 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 sale, the insider owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock 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 company an “overweight” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tyler Technologies in a report on Saturday, September 27th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.