Squarepoint Ops LLC Has $82.50 Million Stock Position in Tyler Technologies, Inc. $TYL

by · The Markets Daily

Squarepoint Ops LLC lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 52.5% during the second quarter, HoldingsChannel reports. The firm owned 139,167 shares of the technology company’s stock after selling 153,959 shares during the quarter. Squarepoint Ops LLC’s holdings in Tyler Technologies were worth $82,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TYL. ProShare Advisors LLC lifted its stake in Tyler Technologies by 7.8% in the 2nd quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 834 shares during the last quarter. Blair William & Co. IL increased its position in Tyler Technologies by 0.9% during the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after buying an additional 3,894 shares during the last quarter. Lazard Freres Gestion S.A.S. bought a new stake in Tyler Technologies in the second quarter valued at approximately $1,185,000. Andra AP fonden acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $1,493,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of Tyler Technologies by 48.8% in the second quarter. Westwood Holdings Group Inc. now owns 10,890 shares of the technology company’s stock valued at $6,456,000 after buying an additional 3,571 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TYL. Oppenheimer restated an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a report on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson reduced their target price on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Nine 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $657.36.

Check Out Our Latest Report on TYL

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 owned 12,781 shares of the company’s stock, valued at $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $453.82 on Friday. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31. The company has a market capitalization of $19.53 billion, a PE ratio of 63.12, a price-to-earnings-growth ratio of 3.47 and a beta of 0.91. The company’s 50-day simple moving average is $480.41 and its 200 day simple moving average is $535.68.

Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $2.52 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Tyler Technologies Profile

(Free Report)

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.

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