Caitlin John LLC Takes Position in Tyler Technologies, Inc. $TYL

Caitlin John LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, Holdings Channel.com reports. The firm purchased 2,187 shares of the technology company’s stock, valued at approximately $1,297,000.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies during the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Tyler Technologies by 221.1% during 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 in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Tyler Technologies during the 1st quarter valued at $38,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the 1st quarter valued at $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The shares were 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 of the company’s stock, valued at $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the 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 transaction, the chief executive officer directly owned 81,775 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 19,500 shares of company stock valued at $11,148,043 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of several research reports. Barclays upped their target price 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. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.27.

Tyler Technologies Trading Up 0.9%

Shares of NYSE:TYL opened at $535.02 on Monday. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 76.43, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89. The company has a 50-day moving average price of $563.32 and a 200-day moving average price of $566.86. Tyler Technologies, Inc. has a 12 month low of $513.52 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 EPS for the quarter, beating 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 firm had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. During the same period in the prior year, the firm posted $2.40 earnings per share. The company’s quarterly 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 forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.