Forsta AP Fonden Boosts Stake in Tyler Technologies, Inc. $TYL

Forsta AP Fonden grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the technology company’s stock after buying an additional 200 shares during the quarter. Forsta AP Fonden’s holdings in Tyler Technologies were worth $4,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of TYL. TimesSquare Capital Management LLC boosted its position in Tyler Technologies by 1.8% in the second quarter. TimesSquare Capital Management LLC now owns 108,497 shares of the technology company’s stock worth $64,321,000 after purchasing an additional 1,965 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Tyler Technologies during the 2nd quarter worth $241,000. ProShare Advisors LLC boosted its holdings in shares of Tyler Technologies by 7.8% in the 2nd quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after buying an additional 834 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Tyler Technologies by 6.8% in the 2nd quarter. Profund Advisors LLC now owns 786 shares of the technology company’s stock worth $466,000 after buying an additional 50 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tyler Technologies by 6.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 82,670 shares of the technology company’s stock valued at $49,010,000 after buying an additional 5,265 shares during the period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 0.3%

Shares of Tyler Technologies stock opened at $467.95 on Friday. The company’s 50-day moving average price is $507.04 and its 200-day moving average price is $548.49. Tyler Technologies, Inc. has a 12-month low of $450.00 and a 12-month high of $661.31. The company has a market cap of $20.13 billion, a price-to-earnings ratio of 65.08, a PEG ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The company had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the previous year, the company earned $2.52 earnings per share. Tyler Technologies’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 predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on TYL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a report on Friday, October 31st. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Barclays upped their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a research report on Thursday, October 30th. 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 company currently has an average rating of “Moderate Buy” and an average target price of $660.09.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction 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 sale, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies 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 directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This represents a 19.12% 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. 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.