Corient Private Wealth LLC Sells 3,396 Shares of Tyler Technologies, Inc. $TYL

Corient Private Wealth LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,739 shares of the technology company’s stock after selling 3,396 shares during the period. Corient Private Wealth LLC’s holdings in Tyler Technologies were worth $2,809,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TYL. Reynders McVeigh Capital Management LLC lifted its position in shares of Tyler Technologies by 1.4% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 4,891 shares of the technology company’s stock worth $2,900,000 after buying an additional 66 shares during the last quarter. Osaic Holdings Inc. raised its stake in Tyler Technologies by 68.7% during the second quarter. Osaic Holdings Inc. now owns 4,050 shares of the technology company’s stock worth $2,383,000 after acquiring an additional 1,649 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Tyler Technologies by 11.2% in the second quarter. Orion Porfolio Solutions LLC now owns 3,974 shares of the technology company’s stock worth $2,356,000 after acquiring an additional 401 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of Tyler Technologies by 1,708.1% in the 2nd quarter. Nomura Holdings Inc. now owns 34,426 shares of the technology company’s stock valued at $20,409,000 after purchasing an additional 32,522 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Tyler Technologies by 48.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 10,890 shares of the technology company’s stock valued at $6,456,000 after purchasing an additional 3,571 shares in the last quarter. Institutional investors and hedge funds 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 the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the sale, the chief financial officer owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,500 shares of company stock valued at $1,605,605. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research analyst reports. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a report on Friday, October 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Cowen initiated coverage on Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating on the stock. Finally, DA Davidson lowered their target price on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Twelve 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $649.31.

Tyler Technologies Stock Up 1.6%

Shares of NYSE:TYL opened at $465.33 on Tuesday. The firm has a market cap of $20.02 billion, a P/E ratio of 64.72, a P/E/G ratio of 3.49 and a beta of 0.91. Tyler Technologies, Inc. has a 12-month low of $445.64 and a 12-month high of $661.31. The business has a fifty day simple moving average of $473.65 and a 200 day simple moving average of $529.34.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share 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 company had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the prior year, the firm posted $2.52 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.