Maryland State Retirement & Pension System Has $1.24 Million Holdings in Tyler Technologies, Inc. $TYL

Maryland State Retirement & Pension System boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,092 shares of the technology company’s stock after purchasing an additional 110 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Tyler Technologies were worth $1,240,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. CX Institutional bought a new position in shares of Tyler Technologies during the 1st quarter worth about $176,000. Simon Quick Advisors LLC acquired a new stake in Tyler Technologies during the first quarter worth about $234,000. Fifth Third Bancorp lifted its position in shares of Tyler Technologies by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 1,468 shares of the technology company’s stock worth $853,000 after acquiring an additional 312 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $221,000. Finally, Azzad Asset Management Inc. ADV acquired a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $3,257,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $503.11 on Friday. The business’s fifty day moving average price is $548.79 and its two-hundred day moving average price is $560.83. Tyler Technologies, Inc. has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 71.87, a price-to-earnings-growth ratio of 3.87 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its earnings results 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 company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. During the same quarter in the previous year, the company earned $2.40 EPS. The firm’s revenue for the quarter 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. Research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 6,983 shares in the company, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction on Monday, August 11th. The stock was 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 directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TYL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday. DA Davidson lowered their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Barclays lifted their target price 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. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.