US Bancorp DE Grows Stock Holdings in Tyler Technologies, Inc. $TYL

US Bancorp DE boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,016 shares of the technology company’s stock after buying an additional 193 shares during the period. US Bancorp DE’s holdings in Tyler Technologies were worth $11,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Maryland State Retirement & Pension System boosted its stake in shares of Tyler Technologies by 5.5% in the second quarter. Maryland State Retirement & Pension System now owns 2,092 shares of the technology company’s stock worth $1,240,000 after acquiring an additional 110 shares during the period. Sax Wealth Advisors LLC purchased a new stake in Tyler Technologies during the 2nd quarter valued at approximately $248,000. Shell Asset Management Co. boosted its position in shares of Tyler Technologies by 82.0% during the second quarter. Shell Asset Management Co. now owns 3,029 shares of the technology company’s stock worth $1,796,000 after acquiring an additional 1,365 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in Tyler Technologies by 55.8% during the second quarter. KLP Kapitalforvaltning AS now owns 23,450 shares of the technology company’s stock valued at $13,902,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its stake in Tyler Technologies by 10.6% during the second quarter. Trueblood Wealth Management LLC now owns 613 shares of the technology company’s stock valued at $363,000 after acquiring an additional 59 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Down 0.7%

Shares of TYL opened at $503.11 on Friday. Tyler Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $661.31. The company has a market cap of $21.77 billion, a PE ratio of 71.87, a P/E/G ratio of 3.87 and a beta of 0.89. The business has a fifty day moving average of $548.79 and a 200 day moving average of $560.83.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related 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 transaction of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $11,148,043 in the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TYL. Weiss Ratings restated a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. DA Davidson reduced their price objective on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $686.00.

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.