Tyler Technologies, Inc. $TYL Stock Holdings Cut by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its holdings in Tyler Technologies, Inc. by 2.4%, now owning 768,379 shares valued at approximately $413.56 million.
• Insider trading activity includes a significant sale by CEO H. Lynn Moore, Jr., who sold 5,250 shares worth over $3 million, reflecting a 6.03% decrease in his position.
• Analyst ratings for Tyler Technologies vary, with Piper Sandler lowering their price target to $708 and Needham & Company LLC reaffirming a "buy" rating with a $750 target price.

APG Asset Management N.V. lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 768,379 shares of the technology company's stock after selling 18,609 shares during the quarter. Tyler Technologies makes up approximately 1.3% of APG Asset Management N.V.'s investment portfolio, making the stock its 10th largest position. APG Asset Management N.V. owned 1.78% of Tyler Technologies worth $413,560,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in Tyler Technologies in the 1st quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after buying an additional 41 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after buying an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the 4th quarter valued at approximately $40,000. Institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the sale, the insider owned 247 shares of the company's stock, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,769 shares of company stock valued at $12,134,207. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $4.73 during trading hours on Thursday, hitting $556.08. 132,637 shares of the company were exchanged, compared to its average volume of 293,155. The firm has a market cap of $24.06 billion, a P/E ratio of 79.53, a P/E/G ratio of 4.20 and a beta of 0.85. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The company has a 50 day simple moving average of $573.78 and a two-hundred day simple moving average of $576.04.

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 the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. During the same quarter last year, the firm posted $2.40 EPS. The company's quarterly revenue was up 10.2% on a year-over-year basis. 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.

Analyst Ratings Changes

Several research analysts have issued reports on TYL shares. Barclays raised their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. DA Davidson set a $585.00 price target on shares of Tyler Technologies and gave the stock 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. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald started coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $688.27.

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.