HM Payson & Co. Sells 1,298 Shares of Tyler Technologies, Inc. $TYL

HM Payson & Co. cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 61,552 shares of the technology company’s stock after selling 1,298 shares during the quarter. HM Payson & Co.’s holdings in Tyler Technologies were worth $32,202,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. DLD Asset Management LP bought a new stake in Tyler Technologies during the second quarter valued at about $5,780,190,000. Vanguard Group Inc. boosted its stake in Tyler Technologies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock worth $3,302,190,000 after purchasing an additional 110,957 shares during the period. State Street Corp lifted its holdings in shares of Tyler Technologies by 4.5% in the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after buying an additional 81,679 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock valued at $713,144,000 after purchasing an additional 30,686 shares during the last quarter. Finally, Norges Bank bought a new position in Tyler Technologies during the second quarter valued at approximately $712,276,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of recent research reports. Cowen initiated coverage on shares of Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating for the company. DA Davidson reduced their target price on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Robert W. Baird set a $660.00 price objective on Tyler Technologies in a research note on Friday, October 31st. Finally, BTIG Research initiated coverage on Tyler Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $649.31.

Tyler Technologies Stock Down 0.1%

Shares of Tyler Technologies stock opened at $460.92 on Monday. Tyler Technologies, Inc. has a 52-week low of $445.64 and a 52-week high of $661.31. The firm’s 50 day moving average price is $470.36 and its 200-day moving average price is $525.94. The company has a market cap of $19.83 billion, a P/E ratio of 64.11, a PEG ratio of 3.51 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its 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. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the business earned $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. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at $5,995,311.48. This trade represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,500 shares of company stock worth $1,605,605. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies 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.