AG2R LA Mondiale Gestion D Actifs Acquires New Shares in Tyler Technologies, Inc. $TYL

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Tyler Technologies, Inc., purchasing 1,877 shares valued at approximately $1,083,000.
• Institutional investors collectively own 93.30% of Tyler Technologies stock, with recent changes in holdings noted from several firms including AdvisorNet Financial Inc and MV Capital Management Inc.
• Tyler Technologies stock recently received mixed ratings, with Wall Street analysts adjusting their price targets and maintaining an average rating of "Moderate Buy".

AG2R LA Mondiale Gestion D Actifs purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,877 shares of the technology company's stock, valued at approximately $1,083,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in Tyler Technologies during the first quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after purchasing an additional 42 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies during the 1st quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. acquired a new stake in Tyler Technologies during the 1st quarter valued at approximately $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 approximately $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Up 0.9%

Tyler Technologies stock traded up $4.97 during mid-day trading on Friday, hitting $535.02. 995,765 shares of the company's stock traded hands, compared to its average volume of 276,738. The firm has a 50 day moving average price of $563.32 and a 200 day moving average price of $567.54. The company has a market cap of $23.14 billion, a PE ratio of 76.43, a price-to-earnings-growth ratio of 4.07 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share 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 the consensus estimate of $587.59 million. During the same quarter in the previous year, the business earned $2.40 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 11.200-11.500 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Barclays increased their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $688.27.

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.