Oak Ridge Investments LLC Lowers Stock Position in Tyler Technologies, Inc. $TYL

Oak Ridge Investments LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 17.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,403 shares of the technology company’s stock after selling 521 shares during the period. Oak Ridge Investments LLC’s holdings in Tyler Technologies were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TYL. Jones Financial Companies Lllp grew its stake 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 during the period. Vanguard Group Inc. grew its stake 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 during the period. Nuveen LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at $57,108,000. TCW Group Inc. grew its stake in shares of Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock valued at $88,822,000 after buying an additional 90,172 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Tyler Technologies by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after buying an additional 62,889 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares in the company, valued at $3,879,265.99. The trade was a 37.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’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 transaction, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $11,148,043 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

Shares of TYL stock opened at $503.11 on Friday. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31. The firm 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. The company’s fifty day moving average price is $548.79 and its two-hundred day moving average price is $560.83.

Tyler Technologies (NYSE:TYL) last issued 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. 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 quarter in the previous year, the business posted $2.40 EPS. The firm’s 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, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TYL. Weiss Ratings reissued a “hold (c+)” rating on shares of Tyler Technologies in a research note on Saturday, September 27th. 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 report on Thursday, July 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday. Finally, 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 research report on Friday. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $686.00.

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.