445 Shares in Tyler Technologies, Inc. $TYL Bought by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 445 shares of the technology company’s stock, valued at approximately $264,000.

Other hedge funds also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new position in shares of Tyler Technologies in the second quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies in the 1st quarter valued at approximately $38,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter valued at approximately $38,000. Geneos Wealth Management Inc. increased its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Finally, Eastern Bank lifted its holdings in shares of Tyler Technologies by 870.0% during the first quarter. Eastern Bank now owns 97 shares of the technology company’s stock worth $56,000 after buying an additional 87 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TYL has been the topic of several research analyst reports. DA Davidson lowered their price objective on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barclays raised 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. Oppenheimer restated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Robert W. Baird set a $660.00 target price on Tyler Technologies in a research report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Insider Buying and Selling at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the company’s 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 directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,000 shares of company stock worth $5,007,328. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Down 4.0%

NYSE:TYL opened at $454.01 on Tuesday. The firm has a market capitalization of $19.53 billion, a PE ratio of 63.14, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 12-month low of $450.00 and a 12-month high of $661.31. The firm has a 50-day moving average price of $496.60 and a 200 day moving average price of $544.91.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The company had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the business earned $2.52 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.