Conestoga Capital Advisors LLC Reduces Holdings in Tyler Technologies, Inc. $TYL

Conestoga Capital Advisors LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.4% during the 2nd quarter, Holdings Channel reports. The firm owned 94,426 shares of the technology company’s stock after selling 1,355 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Tyler Technologies were worth $55,980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of 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 purchasing an additional 41 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies during the second quarter worth $30,000. Cornerstone Planning Group LLC increased its position in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Tyler Technologies in the first quarter worth $38,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter valued at $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on TYL shares. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. DA Davidson lowered their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Nine 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.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $686.00.

Tyler Technologies Trading Up 1.7%

Shares of NYSE:TYL opened at $505.16 on Monday. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 72.17, a PEG ratio of 3.88 and a beta of 0.89. The stock’s 50-day moving average price is $538.80 and its two-hundred day moving average price is $558.06. Tyler Technologies, Inc. has a 12-month low of $483.56 and a 12-month high of $661.31.

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

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies 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 $3,879,265.99. This trade represents a 37.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 directly owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $11,148,043 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.