Asset Management One Co. Ltd. Lowers Stake in Tyler Technologies, Inc. $TYL

Key Points

• Asset Management One Co. Ltd. has reduced its stake in Tyler Technologies, Inc. by 15.5%, now holding 27,404 shares worth approximately $16.2 million.
• Multiple institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their positions in Tyler Technologies during the first quarter.
• Tyler Technologies reported a quarterly earnings per share of $2.91, beating analyst expectations, and set its FY 2025 guidance at 11.200-11.500 EPS.

Asset Management One Co. Ltd. lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,404 shares of the technology company's stock after selling 5,038 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Tyler Technologies worth $16,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Tyler Technologies by 2.8% during the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after acquiring an additional 148,762 shares during the period. Massachusetts Financial Services Co. MA grew its position in Tyler Technologies by 6.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock valued at $580,766,000 after acquiring an additional 59,554 shares during the period. JPMorgan Chase & Co. grew its position in Tyler Technologies by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock valued at $279,117,000 after acquiring an additional 14,219 shares during the period. Goldman Sachs Group Inc. grew its position in Tyler Technologies by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock valued at $249,012,000 after acquiring an additional 62,889 shares during the period. Finally, Blair William & Co. IL grew its position in Tyler Technologies by 0.9% during the second quarter. Blair William & Co. IL now owns 424,768 shares of the technology company's stock valued at $251,819,000 after acquiring an additional 3,894 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,250 shares of the 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 owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company'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 value of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $11,148,043. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. UBS Group reaffirmed an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays upped their target price on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, DA Davidson decreased their target price on Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $682.89.

Tyler Technologies Stock Performance

Shares of TYL opened at $509.21 on Friday. The company has a market capitalization of $22.03 billion, a P/E ratio of 72.74, a P/E/G ratio of 3.90 and a beta of 0.89. Tyler Technologies, Inc. has a one year low of $483.56 and a one year high of $661.31. The stock has a 50-day moving average price of $532.65 and a 200 day moving average price of $557.33.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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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