Praxis Investment Management Inc. Has $1.05 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Praxis Investment Management Inc. cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the technology company’s stock after selling 50 shares during the period. Praxis Investment Management Inc.’s holdings in Tyler Technologies were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TYL. Mowery & Schoenfeld Wealth Management LLC boosted its position in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its position in shares of Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Up 1.7%

Tyler Technologies stock opened at $505.16 on Friday. Tyler Technologies, Inc. has a 12-month low of $483.56 and a 12-month high of $661.31. The firm’s fifty day moving average is $538.80 and its 200 day moving average is $558.30. The company has a market capitalization of $21.85 billion, a PE ratio of 72.17, a PEG ratio of 3.81 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday. DA Davidson dropped their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target 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. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $686.00.

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.