Amundi Sells 30,754 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Amundi has reduced its stake in Tyler Technologies by 19.3% after selling 30,754 shares, now owning 0.30% of the company valued at approximately $73.4 million.
• Tyler Technologies reported a quarterly earnings per share of $2.91, exceeding estimates, with revenue up 10.2% year-over-year and set FY 2025 EPS guidance between 11.200-11.500.
• Analysts generally have a moderate buy consensus rating on Tyler Technologies, with target prices ranging from $585 to $750.

Amundi reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,882 shares of the technology company's stock after selling 30,754 shares during the quarter. Amundi owned 0.30% of Tyler Technologies worth $73,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies during the first quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after buying an additional 42 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Tyler Technologies in the first quarter worth about $38,000. Finally, Whipplewood Advisors LLC lifted its holdings in Tyler Technologies by 255.0% in the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock worth $41,000 after buying an additional 51 shares during the period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Up 0.9%

Shares of TYL opened at $559.08 on Friday. The company has a market capitalization of $24.19 billion, a P/E ratio of 79.87, a price-to-earnings-growth ratio of 4.29 and a beta of 0.89. The firm has a 50 day moving average of $570.78 and a 200 day moving average of $572.05. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly 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. The company had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer owned 13,772 shares of the company's stock, valued at $7,997,675.84. This trade represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,444 shares of company stock valued at $13,586,917 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on TYL. Needham & Company LLC restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Finally, Barclays lifted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus 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.

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