Tyler Technologies, Inc. $TYL Shares Sold by Progressive Investment Management Corp

Progressive Investment Management Corp lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,179 shares of the technology company’s stock after selling 213 shares during the period. Tyler Technologies makes up approximately 2.7% of Progressive Investment Management Corp’s portfolio, making the stock its 15th biggest holding. Progressive Investment Management Corp’s holdings in Tyler Technologies were worth $10,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TYL. Jones Financial Companies Lllp increased its holdings in shares of Tyler Technologies by 17,308.3% in the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after purchasing an additional 226,566 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 2.8% in the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after purchasing an additional 148,762 shares during the period. Nuveen LLC acquired a new position in shares of Tyler Technologies in the first quarter valued at approximately $57,108,000. TCW Group Inc. increased its holdings in shares of Tyler Technologies by 144.0% in the first quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock valued at $88,822,000 after purchasing an additional 90,172 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Tyler Technologies by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the company’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 completion of the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Up 1.7%

Shares of NYSE:TYL opened at $505.16 on Friday. Tyler Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $661.31. The stock’s fifty day simple moving average is $538.80 and its 200-day simple moving average is $558.30. The company has a market capitalization of $21.85 billion, a P/E ratio of 72.17, a P/E/G ratio of 3.81 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the business earned $2.40 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

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

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.