Tyler Technologies, Inc. $TYL Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 27,404 shares of the technology company’s stock after selling 5,038 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Tyler Technologies were worth $16,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Freres Gestion S.A.S. acquired a new stake in Tyler Technologies during the second quarter valued at approximately $1,185,000. Reliant Investment Management LLC raised its position in shares of Tyler Technologies by 0.9% during the 2nd quarter. Reliant Investment Management LLC now owns 13,128 shares of the technology company’s stock worth $7,783,000 after purchasing an additional 115 shares during the period. Connors Investor Services Inc. raised its position in shares of Tyler Technologies by 2.3% during the 2nd quarter. Connors Investor Services Inc. now owns 8,733 shares of the technology company’s stock worth $5,177,000 after purchasing an additional 198 shares during the period. Capital Investment Services of America Inc. raised its position in shares of Tyler Technologies by 0.3% during the 2nd quarter. Capital Investment Services of America Inc. now owns 53,401 shares of the technology company’s stock worth $31,658,000 after purchasing an additional 137 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Tyler Technologies by 3.1% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 22,751 shares of the technology company’s stock worth $13,488,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $509.21 on Friday. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31. The stock has a market cap of $22.03 billion, a P/E ratio of 72.74, a P/E/G ratio of 3.90 and a beta of 0.89. The stock’s 50 day moving average price is $532.65 and its 200 day moving average price is $557.33.

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

Analyst Ratings Changes

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

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the 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 completion of the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. This trade represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the 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 directly owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $11,148,043 in the last three months. 1.10% of the stock is owned by company 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.