Allspring Global Investments Holdings LLC Acquires 49,508 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 49.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,562 shares of the technology company’s stock after acquiring an additional 49,508 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.35% of Tyler Technologies worth $85,953,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the period. Seilern Investment Management Ltd acquired a new stake in shares of Tyler Technologies during the 4th quarter worth about $105,549,000. FMR LLC boosted its holdings in shares of Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after buying an additional 52,984 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Tyler Technologies by 120.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 81,487 shares of the technology company’s stock valued at $46,989,000 after buying an additional 44,584 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,502 shares of company stock worth $18,941,368. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $611.01 on Thursday. The firm has a 50 day moving average of $595.47 and a 200-day moving average of $593.32. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $26.15 billion, a PE ratio of 111.50, a PEG ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. On average, equities research analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TYL shares. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler lifted their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson restated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, Robert W. Baird lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $645.69.

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.