Stephens Investment Management Group LLC Trims Stock Holdings in Tyler Technologies, Inc. $TYL

Stephens Investment Management Group LLC lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 4.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 134,976 shares of the technology company’s stock after selling 6,737 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Tyler Technologies were worth $70,614,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pembroke Management LTD acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $204,000. WoodTrust Financial Corp increased its holdings in Tyler Technologies by 18.2% in the 3rd quarter. WoodTrust Financial Corp now owns 650 shares of the technology company’s stock valued at $340,000 after purchasing an additional 100 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Tyler Technologies in the third quarter valued at approximately $2,288,000. Wilmington Savings Fund Society FSB lifted its stake in Tyler Technologies by 11.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,063 shares of the technology company’s stock worth $556,000 after purchasing an additional 106 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Tyler Technologies by 260.5% during the third quarter. TD Private Client Wealth LLC now owns 292 shares of the technology company’s stock worth $153,000 after purchasing an additional 211 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of TYL opened at $440.29 on Friday. Tyler Technologies, Inc. has a 1 year low of $430.00 and a 1 year high of $661.31. The stock has a market capitalization of $18.95 billion, a PE ratio of 61.24, a PEG ratio of 3.01 and a beta of 0.91. The stock has a 50-day simple moving average of $457.85 and a 200-day simple moving average of $512.89.

Tyler Technologies (NYSE:TYL) last issued 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 net margin of 13.72% and a return on equity of 10.57%. The firm had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter last year, the company earned $2.52 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research reports. Stifel Nicolaus began coverage on Tyler Technologies in a research note on Wednesday, January 7th. They issued a “buy” rating and a $550.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Wednesday, January 7th. Piper Sandler cut their price target on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a research note on Tuesday. BTIG Research began coverage on shares of Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $617.57.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the sale, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,500 shares of company stock worth $1,605,605 over the last 90 days. Company insiders own 1.10% of the company’s stock.

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.