Intech Investment Management LLC Sells 2,065 Shares of Tyler Technologies, Inc. $TYL

Intech Investment Management LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 11.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,705 shares of the technology company’s stock after selling 2,065 shares during the period. Intech Investment Management LLC’s holdings in Tyler Technologies were worth $9,903,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TYL. Cetera Investment Advisers grew its position in shares of Tyler Technologies by 4.0% during the second quarter. Cetera Investment Advisers now owns 12,636 shares of the technology company’s stock worth $7,491,000 after purchasing an additional 484 shares in the last quarter. Creative Planning boosted its stake in Tyler Technologies by 0.8% in the 2nd quarter. Creative Planning now owns 23,438 shares of the technology company’s stock worth $13,895,000 after purchasing an additional 197 shares during the period. Meridian Wealth Management LLC grew its holdings in Tyler Technologies by 2.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock valued at $558,000 after buying an additional 19 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Tyler Technologies by 8.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,576 shares of the technology company’s stock valued at $6,270,000 after buying an additional 788 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Tyler Technologies by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,038,481 shares of the technology company’s stock worth $615,653,000 after buying an additional 39,554 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This trade represents 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 available at this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the transaction, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,000 shares of company stock worth $5,007,328. Insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $467.95 on Friday. The company has a market cap of $20.13 billion, a PE ratio of 65.08, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 1 year low of $450.00 and a 1 year high of $661.31. The stock’s 50 day simple moving average is $507.04 and its two-hundred day simple moving average is $548.59.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The firm had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same quarter in the previous year, the company posted $2.52 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TYL. Oppenheimer reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, October 30th. Barclays raised their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Finally, DA Davidson decreased their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $660.09.

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.