Chevy Chase Trust Holdings LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,777 shares of the technology company’s stock after buying an additional 332 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Tyler Technologies worth $13,503,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Private Trust Co. NA boosted its position in shares of Tyler Technologies by 18.9% in the 2nd quarter. Private Trust Co. NA now owns 170 shares of the technology company’s stock valued at $101,000 after purchasing an additional 27 shares during the period. Nordea Investment Management AB boosted its position in shares of Tyler Technologies by 0.6% in the 2nd quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after purchasing an additional 20 shares during the period. S Bank Fund Management Ltd boosted its position in shares of Tyler Technologies by 13.7% in the 2nd quarter. S Bank Fund Management Ltd now owns 332 shares of the technology company’s stock valued at $197,000 after purchasing an additional 40 shares during the period. WCM Investment Management LLC boosted its position in shares of Tyler Technologies by 10.0% in the 2nd quarter. WCM Investment Management LLC now owns 2,742 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 250 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Tyler Technologies by 6.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 3,491 shares of the technology company’s stock valued at $2,070,000 after purchasing an additional 206 shares during the period. Institutional investors own 93.30% of the company’s stock.
Insider Transactions at Tyler Technologies
In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $11,148,043 in the last three months. Corporate insiders own 1.10% of the company’s stock.
Tyler Technologies Trading Up 1.7%
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on TYL shares. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson decreased their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $686.00.
View Our Latest Stock Analysis on Tyler Technologies
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.
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