Allspring Global Investments Holdings LLC Sells 3,508 Shares of Tyler Technologies, Inc. $TYL

Allspring Global Investments Holdings LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 111,117 shares of the technology company’s stock after selling 3,508 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tyler Technologies were worth $48,428,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TYL. Cerity Partners LLC lifted its stake in shares of Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the period. Signaturefd LLC grew its stake in Tyler Technologies by 3.9% in the third quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock worth $321,000 after purchasing an additional 23 shares during the period. Coldstream Capital Management Inc. grew its stake in Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Tyler Technologies by 5.8% in the third quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock worth $228,000 after purchasing an additional 24 shares in the last quarter. Finally, CWM LLC raised its holdings in Tyler Technologies by 4.0% in the third quarter. CWM LLC now owns 647 shares of the technology company’s stock worth $339,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TYL. Wells Fargo & Company dropped their target price on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. BTIG Research lowered their price target on shares of Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Stifel Nicolaus dropped their price objective on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Robert W. Baird set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $467.54.

Tyler Technologies Trading Down 2.7%

Shares of NYSE:TYL opened at $333.09 on Thursday. The stock has a fifty day simple moving average of $351.84 and a two-hundred day simple moving average of $433.82. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.30 and a beta of 0.92.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company had revenue of $575.18 million during the quarter, compared to analysts’ expectations of $591.09 million. During the same period in the prior year, the company posted $2.43 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In other news, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was acquired at an average cost of $325.08 per share, with a total value of $198,298.80. Following the completion of the acquisition, the insider owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This represents a 118.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew D. Teed bought 1,600 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was purchased at an average price of $309.91 per share, for a total transaction of $495,856.00. Following the purchase, the director owned 5,118 shares of the company’s stock, valued at approximately $1,586,119.38. This represents a 45.48% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 7,298 shares of company stock worth $2,658,721 over the last quarter. 1.10% of the stock is owned by insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.