Allspring Global Investments Holdings LLC Sells 26,004 Shares of Tyler Technologies, Inc. $TYL

Allspring Global Investments Holdings LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,482 shares of the technology company's stock after selling 26,004 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.23% of Tyler Technologies worth $58,699,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TYL. Fifth Third Bancorp raised its position in Tyler Technologies by 27.0% in the 1st quarter. Fifth Third Bancorp now owns 1,468 shares of the technology company's stock valued at $853,000 after purchasing an additional 312 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Tyler Technologies in the 1st quarter valued at $221,000. Exchange Traded Concepts LLC raised its position in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares during the last quarter. QRG Capital Management Inc. raised its position in Tyler Technologies by 14.5% in the 1st quarter. QRG Capital Management Inc. now owns 1,375 shares of the technology company's stock valued at $799,000 after purchasing an additional 174 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Tyler Technologies by 7.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 95,781 shares of the technology company's stock valued at $55,686,000 after buying an additional 6,615 shares during the period. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business'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 of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company's stock, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,500 shares of company stock valued at $11,148,043. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 0.0%

Shares of Tyler Technologies stock opened at $506.32 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31. The business has a fifty day simple moving average of $544.85 and a 200 day simple moving average of $559.84. The stock has a market cap of $21.90 billion, a PE ratio of 72.33, a price-to-earnings-growth ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same period in the previous year, the firm earned $2.40 earnings per share. The firm's quarterly 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. Analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TYL. DA Davidson lowered their target price 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. Barclays lifted their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Tyler Technologies in a research note on Tuesday. Finally, UBS Group reissued an "overweight" rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Nine research 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $686.00.

About Tyler Technologies

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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