Metis Global Partners LLC Sells 197 Shares of Tyler Technologies, Inc. $TYL

Metis Global Partners LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,894 shares of the technology company’s stock after selling 197 shares during the period. Metis Global Partners LLC’s holdings in Tyler Technologies were worth $1,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TYL. Penserra Capital Management LLC increased its stake in Tyler Technologies by 14.7% in the 2nd quarter. Penserra Capital Management LLC now owns 234 shares of the technology company’s stock valued at $137,000 after buying an additional 30 shares during the last quarter. Savant Capital LLC increased its position in shares of Tyler Technologies by 26.0% during the second quarter. Savant Capital LLC now owns 765 shares of the technology company’s stock valued at $454,000 after acquiring an additional 158 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in Tyler Technologies during the second quarter worth $2,413,000. Andra AP fonden purchased a new position in Tyler Technologies in the second quarter worth $1,493,000. Finally, Resona Asset Management Co. Ltd. grew its stake in Tyler Technologies by 6.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 19,642 shares of the technology company’s stock valued at $11,619,000 after purchasing an additional 1,171 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TYL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. 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 report on Friday, October 31st. Oppenheimer reissued an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, October 30th. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $660.09.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the sale, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,000 shares of company stock worth $5,007,328. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $470.16 on Wednesday. The firm has a market capitalization of $20.23 billion, a PE ratio of 65.39, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The firm has a fifty day moving average of $512.38 and a 200 day moving average of $550.04.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results 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 business had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same quarter last year, the business posted $2.52 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

About Tyler Technologies

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.