Saturna Capital Corp Acquires 545 Shares of Tyler Technologies, Inc. $TYL

Saturna Capital Corp grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,203 shares of the technology company’s stock after acquiring an additional 545 shares during the quarter. Saturna Capital Corp’s holdings in Tyler Technologies were worth $2,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TYL. Apollon Wealth Management LLC grew its holdings in shares of Tyler Technologies by 10.4% during the 1st quarter. Apollon Wealth Management LLC now owns 424 shares of the technology company’s stock valued at $247,000 after purchasing an additional 40 shares during the last quarter. Victory Capital Management Inc. boosted its position in Tyler Technologies by 2.6% in the first quarter. Victory Capital Management Inc. now owns 29,437 shares of the technology company’s stock valued at $17,114,000 after buying an additional 746 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Tyler Technologies by 1.1% during the first quarter. Private Advisor Group LLC now owns 2,887 shares of the technology company’s stock worth $1,678,000 after buying an additional 30 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Tyler Technologies during the first quarter worth $358,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Tyler Technologies by 3.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,258 shares of the technology company’s stock worth $1,894,000 after buying an additional 96 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TYL. Oppenheimer restated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. Robert W. Baird set a $660.00 price target on Tyler Technologies in a report on Friday, October 31st. DA Davidson lowered their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Barclays lifted 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. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $660.09.

Tyler Technologies Stock Up 0.8%

TYL opened at $466.86 on Wednesday. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31. The company has a fifty day moving average of $503.15 and a 200-day moving average of $547.49. The stock has a market cap of $20.09 billion, a PE ratio of 64.93, a price-to-earnings-growth ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (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 business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same quarter in the previous year, the business 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. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business’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 transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the 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 transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,000 shares of company stock worth $5,007,328 over the last three months. 1.10% of the stock is owned by company insiders.

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.