Tyler Technologies, Inc. $TYL Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.7% during the second quarter, HoldingsChannel.com reports. The firm owned 239,390 shares of the technology company’s stock after selling 17,096 shares during the quarter. Tyler Technologies makes up approximately 4.1% of Brown Capital Management LLC’s holdings, making the stock its 5th largest holding. Brown Capital Management LLC’s holdings in Tyler Technologies were worth $141,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. LPL Financial LLC increased its holdings in Tyler Technologies by 25.6% in the first quarter. LPL Financial LLC now owns 16,787 shares of the technology company’s stock worth $9,760,000 after buying an additional 3,424 shares during the last quarter. Harbour Investments Inc. grew its position in Tyler Technologies by 26.6% in the first quarter. Harbour Investments Inc. now owns 200 shares of the technology company’s stock worth $116,000 after acquiring an additional 42 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Tyler Technologies by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,303 shares of the technology company’s stock worth $5,990,000 after purchasing an additional 1,193 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Tyler Technologies by 12.7% during the 1st quarter. Atria Wealth Solutions Inc. now owns 2,229 shares of the technology company’s stock valued at $1,296,000 after purchasing an additional 251 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in shares of Tyler Technologies by 30.8% in the 1st quarter. iA Global Asset Management Inc. now owns 806 shares of the technology company’s stock valued at $469,000 after purchasing an additional 190 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

NYSE TYL opened at $466.42 on Friday. The stock has a 50-day simple moving average of $486.24 and a 200 day simple moving average of $539.56. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31. The stock has a market capitalization of $20.07 billion, a PE ratio of 64.87, a P/E/G ratio of 3.52 and a beta of 0.91.

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 analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same quarter last year, the firm posted $2.52 EPS. The company’s revenue 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, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Finally, DA Davidson lowered their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $660.09.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was 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 in the company, valued at $1,707,487.60. This represents 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 5,750 shares of company stock worth $3,115,405 in the last ninety days. 1.10% of the stock is currently owned by 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.