Allianz Asset Management GmbH Sells 1,274 Shares of Tyler Technologies, Inc. $TYL

Allianz Asset Management GmbH lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 34.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,442 shares of the technology company's stock after selling 1,274 shares during the quarter. Allianz Asset Management GmbH's holdings in Tyler Technologies were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Tyler Technologies by 17,308.3% in the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company's stock worth $132,484,000 after purchasing an additional 226,566 shares in the last quarter. Vanguard Group Inc. raised its holdings in Tyler Technologies by 2.8% in the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after purchasing an additional 148,762 shares in the last quarter. Nuveen LLC bought a new position in Tyler Technologies in the first quarter worth $57,108,000. TCW Group Inc. raised its holdings in Tyler Technologies by 144.0% in the first quarter. TCW Group Inc. now owns 152,775 shares of the technology company's stock worth $88,822,000 after purchasing an additional 90,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Tyler Technologies by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock worth $249,012,000 after purchasing an additional 62,889 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

Tyler Technologies stock 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 stock has a market capitalization of $22.03 billion, a PE ratio of 72.74, a price-to-earnings-growth ratio of 3.90 and a beta of 0.89. The business's fifty day moving average is $532.65 and its 200 day moving average is $557.33.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.Tyler Technologies's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was 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. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at $3,879,265.99. This trade represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,500 shares of company stock valued at $11,148,043. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TYL. Weiss Ratings reiterated a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday, October 14th. UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Barclays increased their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, DA Davidson cut their target price on Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $682.89.

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.

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