Tyler Technologies, Inc. $TYL Shares Purchased by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 150.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,000 shares of the technology company’s stock after purchasing an additional 3,000 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Tyler Technologies were worth $2,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Tyler Technologies by 14.8% in 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 in the last quarter. Vident Advisory LLC raised its position in Tyler Technologies by 45.3% during the first quarter. Vident Advisory LLC now owns 2,011 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 627 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Tyler Technologies by 240.0% in the first quarter. Panagora Asset Management Inc. now owns 3,036 shares of the technology company’s stock valued at $1,765,000 after purchasing an additional 2,143 shares in the last quarter. Royal Bank of Canada grew its position in shares of Tyler Technologies by 21.1% in the first quarter. Royal Bank of Canada now owns 115,082 shares of the technology company’s stock valued at $66,908,000 after purchasing an additional 20,066 shares during the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Tyler Technologies in the first quarter valued at approximately $621,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the transaction, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction on Friday, December 12th. The shares were 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 of the company’s stock, valued at $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,500 shares of company stock worth $1,605,605 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 1.0%

TYL stock opened at $453.65 on Friday. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 3.46 and a beta of 0.91. Tyler Technologies, Inc. has a 52-week low of $445.64 and a 52-week high of $661.31. The stock’s fifty day simple moving average is $465.70 and its 200-day simple moving average is $523.21.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.09. The firm had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TYL. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. BTIG Research started coverage on Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Twelve 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 presently has a consensus rating of “Moderate Buy” and an average price target 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.