Ascent Group LLC Sells 2,280 Shares of Tyler Technologies, Inc. $TYL

Ascent Group LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 67.8% in the third quarter, Holdings Channel.com reports. The firm owned 1,083 shares of the technology company’s stock after selling 2,280 shares during the quarter. Ascent Group LLC’s holdings in Tyler Technologies were worth $567,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the first quarter valued at $38,000. Geneos Wealth Management Inc. grew its stake 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 buying an additional 40 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Tyler Technologies by 390.9% during the second quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock worth $64,000 after buying an additional 86 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TYL shares. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. TD Cowen initiated coverage on Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating and a $650.00 price target on the stock. DA Davidson dropped their price objective 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. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research note on Friday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $649.31.

Tyler Technologies Stock Down 4.0%

Shares of NYSE:TYL opened at $435.63 on Friday. Tyler Technologies, Inc. has a 12-month low of $431.68 and a 12-month high of $661.31. The business has a 50 day moving average of $464.23 and a 200-day moving average of $521.73. The stock has a market cap of $18.75 billion, a PE ratio of 60.59, a P/E/G ratio of 2.95 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its quarterly 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 business had revenue of $595.88 million during the quarter, compared to analysts’ expectations 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 last year, the firm posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the sale, the chief financial officer owned 12,781 shares in the company, valued at $5,995,311.48. The trade was a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,500 shares of company stock worth $1,605,605. 1.10% of the stock is owned by insiders.

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.