Vaughan Nelson Investment Management L.P. Sells 70,288 Shares of Tyler Technologies, Inc. $TYL

Vaughan Nelson Investment Management L.P. lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 88.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,890 shares of the technology company’s stock after selling 70,288 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Tyler Technologies were worth $4,651,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new position in Tyler Technologies during the 2nd quarter worth about $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Tyler Technologies in the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the first quarter worth about $38,000. Geneos Wealth Management Inc. lifted its position in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of 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 purchasing an additional 86 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 1.0%

NYSE TYL opened at $448.26 on Thursday. Tyler Technologies, Inc. has a 12 month low of $430.00 and a 12 month high of $661.31. The stock has a 50-day simple moving average of $460.91 and a 200 day simple moving average of $519.11. The company has a market capitalization of $19.29 billion, a PE ratio of 62.34, a P/E/G ratio of 3.01 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. The firm had revenue of $595.88 million for 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 company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Stifel Nicolaus set a $550.00 target price on Tyler Technologies in a research report on Wednesday. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research note on Friday, October 31st. Cowen started coverage on Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating for the company. Finally, TD Cowen assumed coverage on Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating and a $650.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $642.21.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the sale, the chief financial officer owned 12,781 shares in the company, valued at approximately $5,995,311.48. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,500 shares of company stock valued at $1,605,605. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Company Profile

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.