Tyler Technologies, Inc. $TYL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,231 shares of the technology company’s stock after selling 8,071 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of Tyler Technologies worth $14,365,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TYL. DLD Asset Management LP purchased a new stake in Tyler Technologies in the 2nd quarter valued at approximately $5,780,190,000. Norges Bank purchased a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $712,276,000. Jones Financial Companies Lllp lifted its holdings in shares of Tyler Technologies by 17,308.3% in the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after buying an additional 226,566 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tyler Technologies by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock valued at $3,302,190,000 after buying an additional 110,957 shares in the last quarter. Finally, State Street Corp grew its holdings in Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after acquiring an additional 81,679 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TYL. DA Davidson reduced 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. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a report on Friday, October 31st. BTIG Research began coverage on shares of Tyler Technologies in a research note on Tuesday. They issued a “buy” rating and a $560.00 price objective for the company. Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday. They set a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $649.31.

Tyler Technologies Stock Up 0.6%

Tyler Technologies stock opened at $449.72 on Wednesday. The firm has a market capitalization of $19.35 billion, a PE ratio of 62.55, a P/E/G ratio of 3.40 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 firm’s 50-day simple moving average is $477.76 and its 200 day simple moving average is $532.58.

Tyler Technologies (NYSE:TYL) last posted its 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 net margin of 13.72% and a return on equity of 10.57%. The firm had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period last year, the firm posted $2.52 EPS. The firm’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. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction 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 directly owned 12,781 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. The trade was a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Company Profile

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.