Panagora Asset Management Inc. Has $1.77 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Panagora Asset Management Inc. increased its stake in Tyler Technologies by 240.0% in the first quarter, now owning 3,036 shares valued at $1,765,000.
• Tyler Technologies reported earnings of $2.91 per share, exceeding analyst estimates, and had a revenue of $584.01 million for the quarter, up 10.2% year-over-year.
• Eight analysts rated Tyler Technologies as a "buy" while three analysts assigned a "hold" rating, with a consensus target price of $688.27.

Panagora Asset Management Inc. raised its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 240.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,036 shares of the technology company's stock after buying an additional 2,143 shares during the period. Panagora Asset Management Inc.'s holdings in Tyler Technologies were worth $1,765,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYL. AdvisorNet Financial Inc increased its position in Tyler Technologies by 7.0% in the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after purchasing an additional 19 shares during the period. Leelyn Smith LLC grew its holdings in Tyler Technologies by 0.9% during the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock valued at $1,234,000 after purchasing an additional 19 shares during the period. Benjamin Edwards Inc. raised its holdings in Tyler Technologies by 1.5% in the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after purchasing an additional 22 shares during the period. MV Capital Management Inc. lifted its holdings in Tyler Technologies by 42.9% during the first quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock worth $47,000 after acquiring an additional 24 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its holdings in shares of Tyler Technologies by 2.2% in the first quarter. Curbstone Financial Management Corp now owns 1,104 shares of the technology company's stock worth $642,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the firm'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 sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The sale 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 the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,444 shares of company stock worth $13,586,917 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $4.85 during trading hours on Friday, reaching $559.08. 174,404 shares of the stock were exchanged, compared to its average volume of 273,139. The stock's fifty day simple moving average is $570.78 and its 200 day simple moving average is $572.05. The firm has a market capitalization of $24.19 billion, a price-to-earnings ratio of 79.87, a P/E/G ratio of 4.29 and a beta of 0.89. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same period last year, the firm earned $2.40 earnings per share. Tyler Technologies's revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TYL shares. Barclays upped their target price on shares of 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 began coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. DA Davidson set a $585.00 target price on Tyler Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.