MGO One Seven LLC Acquires Shares of 710 Tyler Technologies, Inc. $TYL

MGO One Seven LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, HoldingsChannel reports. The fund bought 710 shares of the technology company’s stock, valued at approximately $421,000.

Other hedge funds also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC lifted its position in Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $38,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $38,000. Finally, Geneos Wealth Management Inc. increased its stake in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on 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 transaction, the insider owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, 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 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 ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. 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, October 10th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $686.00.

Tyler Technologies Stock Up 1.7%

Shares of TYL stock opened at $505.16 on Friday. Tyler Technologies, Inc. has a twelve month low of $483.56 and a twelve month high of $661.31. The stock’s fifty day simple moving average is $538.80 and its 200 day simple moving average is $558.14. The firm has a market capitalization of $21.85 billion, a P/E ratio of 72.17, a P/E/G ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies 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.