Massachusetts Financial Services Co. MA Sells 190,095 Shares of Tyler Technologies, Inc. $TYL

Massachusetts Financial Services Co. MA decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 848,386 shares of the technology company’s stock after selling 190,095 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Tyler Technologies were worth $443,842,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Lazard Freres Gestion S.A.S. raised its holdings in shares of Tyler Technologies by 150.0% in the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company’s stock worth $2,615,000 after purchasing an additional 3,000 shares during the period. ProShare Advisors LLC increased its position in Tyler Technologies by 7.8% in the second quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after buying an additional 834 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Tyler Technologies by 0.9% in the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after buying an additional 3,894 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Tyler Technologies by 25.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 79,178 shares of the technology company’s stock valued at $46,940,000 after buying an additional 16,133 shares during the last quarter. Finally, Andra AP fonden bought a new position in shares of Tyler Technologies during the 2nd quarter worth $1,493,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following the transaction, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at $7,691,049.48. The trade was a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,500 shares of company stock valued at $1,605,605 in the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TYL shares. Oppenheimer restated an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 30th. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research note on Friday, October 31st. BTIG Research started coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $617.57.

Tyler Technologies Trading Down 1.3%

Shares of NYSE:TYL opened at $440.29 on Monday. The company has a 50 day moving average of $457.85 and a 200 day moving average of $511.84. The stock has a market cap of $18.95 billion, a P/E ratio of 61.24, a P/E/G ratio of 2.97 and a beta of 0.91. Tyler Technologies, Inc. has a 12 month low of $430.00 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. The business had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.