Tyler Technologies, Inc. $TYL Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613 shares of the technology company’s stock after purchasing an additional 59 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Tyler Technologies were worth $363,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Tyler Technologies in the first quarter valued at approximately $38,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the first quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TYL has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tyler Technologies in a research report on Saturday, September 27th. Barclays raised their target price 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. Finally, DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $688.27.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. This trade represents a 6.03% 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 750 shares of Tyler Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $11,148,043 in the last quarter. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $497.03 on Tuesday. Tyler Technologies, Inc. has a 1 year low of $494.32 and a 1 year high of $661.31. The firm’s 50 day moving average price is $553.99 and its 200 day moving average price is $562.80. The firm has a market cap of $21.50 billion, a P/E ratio of 71.00, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced 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. The firm had revenue of $584.01 million for 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 revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

About Tyler Technologies

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.