Baird Financial Group Inc. Sells 17,950 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Baird Financial Group Inc. reduced its stake in Tyler Technologies by 15.9% during the first quarter, leaving them with approximately 0.22% ownership of the company valued at $55.07 million.
• Various institutional investors showed differing trends, with Panagora Asset Management Inc. significantly boosting its position by 240%, while Baird Financial Group and others divested portions of their investments.
• Equities analysts have positive outlooks for Tyler Technologies, with Barclays raising the price objective to $715.00 while maintaining an "overweight" rating, amidst other mixed ratings from different firms.

Baird Financial Group Inc. lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,729 shares of the technology company's stock after selling 17,950 shares during the quarter. Baird Financial Group Inc. owned about 0.22% of Tyler Technologies worth $55,074,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TYL. Retirement Wealth Solutions LLC acquired a new position in Tyler Technologies in the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings 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 worth $27,000 after buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC increased its position 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 purchasing an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Tyler Technologies in the 1st quarter worth about $38,000. Finally, Whipplewood Advisors LLC lifted its position in Tyler Technologies by 255.0% in the 1st 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 last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the company's stock in a transaction on Thursday, August 28th. The shares were 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 $3,879,265.99. This trade represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,019 shares of company stock worth $14,495,209 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $0.74 during midday trading on Wednesday, reaching $553.23. 168,790 shares of the company's stock were exchanged, compared to its average volume of 293,292. The firm has a market capitalization of $23.93 billion, a PE ratio of 79.03, a price-to-earnings-growth ratio of 4.32 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31. The company's 50 day simple moving average is $572.30 and its two-hundred day simple moving average is $573.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies's revenue was up 10.2% compared to the same quarter last year. During the same period 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. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TYL shares. Barclays upped 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. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Cantor Fitzgerald began coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies 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.