Panagora Asset Management Inc. Has $520,000 Position in Tyler Technologies, Inc. $TYL

Panagora Asset Management Inc. cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 71.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 877 shares of the technology company’s stock after selling 2,159 shares during the quarter. Panagora Asset Management Inc.’s holdings in Tyler Technologies were worth $520,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new stake in shares of Tyler Technologies in the second quarter valued at about $30,000. Zions Bancorporation National Association UT acquired a new stake in Tyler Technologies in the 1st quarter worth about $38,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in shares of Tyler Technologies by 390.9% during the second quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock worth $64,000 after purchasing an additional 86 shares during the period. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DA Davidson cut their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research report on Friday, October 31st. Weiss Ratings restated 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 note on Wednesday, October 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $660.09.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the sale, the insider owned 6,983 shares in the company, valued at $3,915,018.95. This trade represents a 36.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $403,725.00. Following the sale, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 5,750 shares of company stock valued at $3,115,405. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $469.30 on Friday. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31. The stock has a market capitalization of $20.19 billion, a P/E ratio of 65.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91. The stock has a fifty day moving average of $485.01 and a 200-day moving average of $538.58.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same period last year, the firm posted $2.52 earnings per share. Tyler Technologies’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, 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.