DekaBank Deutsche Girozentrale Has $2.48 Million Stock Holdings in Tyler Technologies, Inc. $TYL

DekaBank Deutsche Girozentrale increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,282 shares of the technology company’s stock after buying an additional 53 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tyler Technologies were worth $2,483,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in 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. Generali Asset Management SPA SGR acquired a new position in Tyler Technologies in the 2nd quarter worth $30,000. Cornerstone Planning Group LLC boosted its stake in Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were 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. This trade represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $560.65, for a total transaction of $2,242,600.00. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock worth $11,148,043. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TYL shares. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Barclays lifted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Finally, DA Davidson cut their price target on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $682.89.

Tyler Technologies Trading Down 1.4%

Tyler Technologies stock opened at $509.21 on Friday. The firm’s 50 day simple moving average is $532.65 and its 200 day simple moving average is $557.33. The firm has a market capitalization of $22.03 billion, a PE ratio of 72.74, a price-to-earnings-growth ratio of 3.90 and a beta of 0.89. Tyler Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company 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%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.