Allspring Global Investments Holdings LLC Cuts Stake in Tyler Technologies, Inc. $TYL

Key Points

• Allspring Global Investments trimmed its stake in Tyler Technologies by 3.1% (selling 3,508 shares), leaving it with 111,117 shares worth about $48.43 million, or roughly 0.26% of the company.
• Insider activity was mixed: Abigail Marshall Diaz‑Pedrosa bought 610 shares at $325.08 (boosting her stake to 1,123 shares), while director Daniel M. Pope sold 500 shares at $355.40; insiders have sold a total of 7,298 shares (~$2.66M) over the past three months and now own 1.10% of the stock.
• Analysts rate Tyler a consensus “Moderate Buy” with an average target of $467.54, though the company recently missed quarterly estimates (EPS $2.64 vs. $2.71; revenue $575.2M vs. $591.1M) and the share price trades around $333 within a 52‑week range of $283.71–$621.34.

Allspring Global Investments Holdings LLC lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 111,117 shares of the technology company's stock after selling 3,508 shares during the period. Allspring Global Investments Holdings LLC owned about 0.26% of Tyler Technologies worth $48,428,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in shares of Tyler Technologies during the third quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. boosted its holdings in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after acquiring an additional 40 shares during the period. Finally, Quent Capital LLC purchased a new stake in Tyler Technologies during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $325.08 per share, for a total transaction of $198,298.80. Following the completion of the acquisition, the insider directly owned 1,123 shares in the company, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Pope sold 500 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $355.40, for a total transaction of $177,700.00. Following the transaction, the director directly owned 2,871 shares in the company, valued at approximately $1,020,353.40. The trade was a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,298 shares of company stock valued at $2,658,721 over the last three months. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TYL shares. Oppenheimer decreased their price target on Tyler Technologies from $510.00 to $450.00 and set an "outperform" rating on the stock in a research note on Friday, February 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Tyler Technologies in a research note on Friday, January 9th. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a report on Friday, February 13th. DA Davidson reiterated a "buy" rating and set a $460.00 price target on shares of Tyler Technologies in a report on Tuesday, February 17th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $325.00 price target on shares of Tyler Technologies in a research report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $467.54.

Tyler Technologies Price Performance

TYL opened at $333.09 on Thursday. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The business has a 50 day simple moving average of $351.84 and a two-hundred day simple moving average of $433.82. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.30 and a beta of 0.92.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same quarter in the prior year, the business posted $2.43 earnings per share. Tyler Technologies's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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