Connors Investor Services Inc. Increases Stake in Tyler Technologies, Inc. $TYL

Connors Investor Services Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,733 shares of the technology company’s stock after purchasing an additional 198 shares during the period. Connors Investor Services Inc.’s holdings in Tyler Technologies were worth $5,177,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TYL. Mowery & Schoenfeld Wealth Management LLC increased its stake in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $30,000. Cornerstone Planning Group LLC increased its position in shares of Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. 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 4,250 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 81,775 shares in the company, 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. In the last three months, insiders have sold 19,500 shares of company stock valued at $11,148,043. Insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

NYSE TYL opened at $513.05 on Thursday. The firm’s fifty day moving average price is $535.06 and its 200 day moving average price is $557.28. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 73.29, a price-to-earnings-growth ratio of 3.98 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31.

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, topping 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 company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same period last year, the firm posted $2.40 EPS. Tyler Technologies’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, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Barclays increased their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. DA Davidson dropped their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.