Tyler Technologies, Inc. $TYL Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 26.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 956 shares of the technology company’s stock after acquiring an additional 198 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Tyler Technologies were worth $567,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TYL. Mather Group LLC. grew its stake in Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares during the last quarter. Meridian Wealth Management LLC grew its stake in shares of Tyler Technologies by 2.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock worth $558,000 after purchasing an additional 19 shares during the period. Nordea Investment Management AB increased its holdings in Tyler Technologies by 0.6% in the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after buying an additional 20 shares in the last quarter. Wealth Alliance LLC increased its holdings in Tyler Technologies by 3.9% in the second quarter. Wealth Alliance LLC now owns 688 shares of the technology company’s stock valued at $408,000 after buying an additional 26 shares in the last quarter. Finally, Prudential PLC grew its position in shares of Tyler Technologies by 2.3% during the 1st quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after acquiring an additional 27 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $472.50 on Monday. The stock has a market capitalization of $20.33 billion, a P/E ratio of 65.72, a PEG ratio of 3.67 and a beta of 0.93. The business has a 50 day simple moving average of $498.32 and a two-hundred day simple moving average of $545.68. Tyler Technologies, Inc. has a 12 month low of $450.00 and a 12 month high of $661.31.

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

Insiders Place Their Bets

In other news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the sale, the insider owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,000 shares of company stock valued at $5,007,328 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Barclays boosted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $660.09.

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.