Vanderbilt University Buys 712 Shares of Tyler Technologies, Inc. $TYL

Vanderbilt University boosted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 11.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,702 shares of the technology company’s stock after acquiring an additional 712 shares during the period. Tyler Technologies accounts for 0.7% of Vanderbilt University’s portfolio, making the stock its 25th biggest position. Vanderbilt University’s holdings in Tyler Technologies were worth $3,973,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TYL. Jones Financial Companies Lllp grew its position in shares of Tyler Technologies by 17,308.3% during the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock worth $132,484,000 after buying an additional 226,566 shares during the period. Vanguard Group Inc. grew its position in shares of Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock worth $3,173,903,000 after buying an additional 148,762 shares during the period. Nuveen LLC acquired a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $57,108,000. TCW Group Inc. grew its position in shares of Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock worth $88,822,000 after buying an additional 90,172 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Tyler Technologies by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock worth $249,012,000 after buying an additional 62,889 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.4%

Shares of TYL opened at $498.88 on Friday. Tyler Technologies, Inc. has a 12-month low of $494.32 and a 12-month high of $661.31. The business’s fifty day moving average is $556.24 and its 200 day moving average is $563.92. The stock has a market cap of $21.58 billion, a P/E ratio of 71.27, a P/E/G ratio of 3.84 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company had revenue of $584.01 million for the quarter, compared to analysts’ expectations of $587.59 million. During the same period last year, the business earned $2.40 EPS. Tyler Technologies’s quarterly revenue 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. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, 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 transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 19,500 shares of company stock worth $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent analyst reports. Barclays raised their price objective 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. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $688.27.

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.