Yousif Capital Management LLC Lowers Position in Tyler Technologies, Inc. $TYL

Yousif Capital Management LLC cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,182 shares of the technology company’s stock after selling 67 shares during the quarter. Yousif Capital Management LLC’s holdings in Tyler Technologies were worth $3,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TYL. Leelyn Smith LLC raised its stake in shares of Tyler Technologies by 0.9% during the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock valued at $1,234,000 after purchasing an additional 19 shares during the period. Mather Group LLC. raised its stake in shares of Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares during the period. Allworth Financial LP raised its stake in shares of Tyler Technologies by 9.1% during the 1st quarter. Allworth Financial LP now owns 288 shares of the technology company’s stock valued at $153,000 after purchasing an additional 24 shares during the period. Meridian Wealth Management LLC raised its stake in shares of Tyler Technologies by 2.9% during the 1st quarter. Meridian Wealth Management LLC now owns 923 shares of the technology company’s stock valued at $537,000 after purchasing an additional 26 shares during the period. Finally, Prudential PLC raised its stake in shares of Tyler Technologies by 2.3% during the 1st quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after purchasing an additional 27 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction 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. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction dated 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 directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 over the last 90 days. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 1.1%

Shares of TYL stock opened at $496.38 on Friday. The business has a 50-day moving average price of $540.57 and a two-hundred day moving average price of $558.85. Tyler Technologies, Inc. has a 12-month low of $483.56 and a 12-month high of $661.31. The firm has a market cap of $21.47 billion, a P/E ratio of 70.91, a price-to-earnings-growth ratio of 3.85 and a beta of 0.89.

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

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday. Finally, DA Davidson reduced their target price on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $686.00.

Tyler Technologies Company 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.