Mitsubishi UFJ Asset Management Co. Ltd. Acquires 5,265 Shares of Tyler Technologies, Inc. $TYL

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 82,670 shares of the technology company’s stock after purchasing an additional 5,265 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tyler Technologies were worth $49,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Aviva PLC boosted its position in Tyler Technologies by 7.8% during the second quarter. Aviva PLC now owns 32,237 shares of the technology company’s stock worth $19,111,000 after purchasing an additional 2,337 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Tyler Technologies by 1.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 6,033 shares of the technology company’s stock worth $3,508,000 after buying an additional 65 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Tyler Technologies by 14.7% during the 2nd quarter. Penserra Capital Management LLC now owns 234 shares of the technology company’s stock worth $137,000 after buying an additional 30 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Tyler Technologies by 26.0% during the 2nd quarter. Savant Capital LLC now owns 765 shares of the technology company’s stock worth $454,000 after buying an additional 158 shares during the period. Finally, Achmea Investment Management B.V. acquired a new position in Tyler Technologies in the 2nd quarter valued at about $2,413,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $464.19 on Tuesday. The business’s 50 day simple moving average is $514.03 and its 200 day simple moving average is $550.41. Tyler Technologies, Inc. has a 1 year low of $450.00 and a 1 year high of $661.31. The company has a market capitalization of $19.97 billion, a P/E ratio of 64.56, a P/E/G ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last announced 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. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the 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 sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were 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. This represents a 36.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,000 shares of company stock valued at $5,007,328 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TYL. Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a research report on Friday, October 31st. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson decreased their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target 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.