Raiffeisen Bank International AG Sells 301 Shares of Tyler Technologies, Inc. $TYL

Raiffeisen Bank International AG lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 43.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392 shares of the technology company’s stock after selling 301 shares during the quarter. Raiffeisen Bank International AG’s holdings in Tyler Technologies were worth $228,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Tyler Technologies by 17,308.3% during the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock worth $132,484,000 after buying an additional 226,566 shares in the last quarter. Vanguard Group Inc. raised its holdings in Tyler Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after acquiring an additional 148,762 shares in the last quarter. Nuveen LLC bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $57,108,000. TCW Group Inc. grew its holdings in shares of Tyler Technologies by 144.0% during the 1st quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock worth $88,822,000 after purchasing an additional 90,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Tyler Technologies by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after purchasing an additional 62,889 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 0.2%

Shares of TYL stock opened at $465.18 on Thursday. The company has a market capitalization of $20.02 billion, a P/E ratio of 64.70, a P/E/G ratio of 3.67 and a beta of 0.93. Tyler Technologies, Inc. has a 12-month low of $450.00 and a 12-month high of $661.31. The firm has a 50-day moving average price of $501.53 and a 200 day moving average price of $546.92.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The business had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the business earned $2.52 EPS. 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. As a group, research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,000 shares of company stock valued at $5,007,328 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TYL has been the subject of several research reports. DA Davidson reduced their target price on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Oppenheimer restated an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 30th. Barclays lifted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $660.09.

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.