Baader Bank Aktiengesellschaft Sells 529 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Baader Bank Aktiengesellschaft reduced its holdings in Tyler Technologies by 34.5%, selling 529 shares and bringing its total ownership to 1,005 shares worth $592,000 at the end of the second quarter.
• Several other institutional investors increased their stakes, with Sumitomo Mitsui DS Asset Management raising its holdings by 61.2%, now owning 9,747 shares valued at $5,778,000.
• Tyler Technologies' stock has experienced a 1.2% decline, with a recent opening price of $529.77, while the company's earnings for the last quarter beat expectations with $2.91 earnings per share.

Baader Bank Aktiengesellschaft decreased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 34.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005 shares of the technology company's stock after selling 529 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Tyler Technologies were worth $592,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Tyler Technologies by 820.0% during 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 boosted its stake in shares of Tyler Technologies by 221.1% during 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 purchased a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total value of $403,725.00. Following the transaction, the director owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction on 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 in the company, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $11,148,043 in the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Trading Up 0.5%

NYSE:TYL traded up $2.51 during mid-day trading on Monday, reaching $536.83. 277,705 shares of the stock were exchanged, compared to its average volume of 309,662. The business has a fifty day moving average price of $562.79 and a 200 day moving average price of $566.49. The firm has a market capitalization of $23.22 billion, a PE ratio of 76.69, a PEG ratio of 4.10 and a beta of 0.89. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share 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 firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. During the same quarter last year, the business posted $2.40 EPS. Tyler Technologies's 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. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

TYL has been the topic of several research analyst reports. Barclays raised their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Cantor Fitzgerald initiated coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and an average price target 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.