Tyler Technologies, Inc. $TYL Shares Sold by Seilern Investment Management Ltd

Seilern Investment Management Ltd reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 136,534 shares of the technology company’s stock after selling 8,979 shares during the period. Tyler Technologies accounts for about 5.2% of Seilern Investment Management Ltd’s portfolio, making the stock its 11th biggest position. Seilern Investment Management Ltd’s holdings in Tyler Technologies were worth $71,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Tyler Technologies by 14.8% during the 1st quarter. American Century Companies Inc. now owns 552 shares of the technology company’s stock worth $321,000 after buying an additional 71 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Tyler Technologies by 7.8% during the first quarter. Compound Planning Inc. now owns 2,043 shares of the technology company’s stock worth $1,188,000 after acquiring an additional 147 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Tyler Technologies by 2.3% during the first quarter. Kestra Advisory Services LLC now owns 9,026 shares of the technology company’s stock valued at $5,248,000 after acquiring an additional 199 shares in the last quarter. Allstate Corp increased its holdings in shares of Tyler Technologies by 2.3% during the first quarter. Allstate Corp now owns 1,267 shares of the technology company’s stock valued at $737,000 after acquiring an additional 29 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Tyler Technologies by 281.7% in the 1st quarter. AlphaQuest LLC now owns 1,084 shares of the technology company’s stock worth $630,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL opened at $458.14 on Monday. The business’s 50-day moving average is $474.50 and its two-hundred day moving average is $530.11. The company has a market capitalization of $19.71 billion, a P/E ratio of 63.72, a P/E/G ratio of 3.49 and a beta of 0.91. Tyler Technologies, Inc. has a fifty-two week low of $445.64 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the previous year, the firm posted $2.52 EPS. The company’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. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the sale, the chief financial officer owned 12,781 shares in the company, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. The trade was a 13.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,500 shares of company stock valued at $1,605,605 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TYL shares. Oppenheimer restated an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Cowen began coverage on Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating on the stock. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson dropped their price target on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. Finally, Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $649.31.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.