DekaBank Deutsche Girozentrale Grows Stock Holdings in Tyler Technologies, Inc. $TYL

DekaBank Deutsche Girozentrale lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,282 shares of the technology company’s stock after acquiring an additional 53 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Tyler Technologies were worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC grew its stake in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after acquiring an additional 41 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies in the 2nd quarter valued at about $30,000. Cornerstone Planning Group LLC increased its stake in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Tyler Technologies during the first quarter worth about $38,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter worth about $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $509.21 on Friday. Tyler Technologies, Inc. has a one year low of $483.56 and a one year high of $661.31. The business’s 50-day simple moving average is $532.65 and its 200 day simple moving average is $557.33. The company has a market cap of $22.03 billion, a P/E ratio of 72.74, a PEG ratio of 3.90 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TYL. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Barclays upped their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. DA Davidson cut their price target on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $682.89.

Tyler Technologies 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.