Baron Wealth Management LLC Cuts Position in Tyler Technologies, Inc. $TYL

Baron Wealth Management LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,574 shares of the technology company’s stock after selling 25 shares during the quarter. Baron Wealth Management LLC’s holdings in Tyler Technologies were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies in the 1st quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Tyler Technologies by 820.0% in 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 last quarter. Cornerstone Planning Group LLC boosted its stake 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 worth $35,000 after buying an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of research reports. Wall Street Zen cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Barclays lifted their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $688.27.

Tyler Technologies Price Performance

TYL opened at $534.10 on Wednesday. The stock’s 50 day simple moving average is $565.15 and its 200 day simple moving average is $568.87. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 76.30, a PEG ratio of 4.14 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results 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 return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period last year, the company earned $2.40 EPS. Tyler Technologies’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. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were 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. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,750 shares of company stock valued at $10,744,318. Insiders own 1.10% of the company’s stock.

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.