North Star Asset Management Inc. Purchases 243 Shares of Tyler Technologies, Inc. $TYL

North Star Asset Management Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,074 shares of the technology company’s stock after acquiring an additional 243 shares during the period. North Star Asset Management Inc. owned 0.06% of Tyler Technologies worth $16,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Tyler Technologies by 67.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 109 shares of the technology company’s stock valued at $65,000 after buying an additional 44 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Tyler Technologies by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,103 shares of the technology company’s stock worth $3,618,000 after purchasing an additional 70 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Tyler Technologies in the second quarter valued at about $2,421,000. Prudential Financial Inc. lifted its stake in Tyler Technologies by 10.7% during the 2nd quarter. Prudential Financial Inc. now owns 24,675 shares of the technology company’s stock valued at $14,628,000 after acquiring an additional 2,383 shares during the period. Finally, Cynosure Group LLC boosted its stake in shares of Tyler Technologies by 21.2% in the second quarter. Cynosure Group LLC now owns 704 shares of the technology company’s stock worth $417,000 after buying an additional 123 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 4.0%

NYSE TYL opened at $454.01 on Tuesday. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31. The company’s fifty day simple moving average is $496.60 and its 200-day simple moving average is $544.91. The stock has a market cap of $19.53 billion, a P/E ratio of 63.14, a PEG ratio of 3.67 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TYL shares. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays increased their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Robert W. Baird set a $660.00 price objective on Tyler Technologies in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $660.09.

Insider Buying and Selling

In other news, 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 value of $403,725.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 directly owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. This represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,000 shares of company stock valued at $5,007,328. Company insiders own 1.10% of the company’s stock.

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.