Legal Advantage Investments Inc. Decreases Stake in Tyler Technologies, Inc. $TYL

Legal Advantage Investments Inc. cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,248 shares of the technology company’s stock after selling 425 shares during the quarter. Tyler Technologies accounts for 2.6% of Legal Advantage Investments Inc.’s portfolio, making the stock its 13th biggest holding. Legal Advantage Investments Inc.’s holdings in Tyler Technologies were worth $5,482,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Leelyn Smith LLC boosted its stake in shares of Tyler Technologies by 0.9% in the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock valued at $1,234,000 after buying an additional 19 shares in the last quarter. Mather Group LLC. boosted its position in Tyler Technologies by 5.3% during the second quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock worth $225,000 after purchasing an additional 19 shares in the last quarter. Allworth Financial LP boosted its position in Tyler Technologies by 9.1% during the first quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock worth $153,000 after purchasing an additional 24 shares in the last quarter. Jackson Square Capital LLC boosted its position in Tyler Technologies by 1.1% during the first quarter. Jackson Square Capital LLC now owns 2,263 shares of the technology company’s stock worth $1,316,000 after purchasing an additional 25 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its position in Tyler Technologies by 2.9% during the first quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock worth $537,000 after purchasing an additional 26 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TYL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday. Barclays boosted their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, DA Davidson decreased their target price on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Down 0.7%

Shares of NYSE:TYL opened at $503.11 on Friday. Tyler Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $661.31. The stock’s fifty day simple moving average is $548.79 and its 200-day simple moving average is $560.83. The company has a market capitalization of $21.77 billion, a P/E ratio of 71.87, a P/E/G ratio of 3.87 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the business earned $2.40 earnings per share. The business’s 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, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.