AGF Management Ltd. Sells 1,223,788 Shares of Tyler Technologies, Inc. $TYL

AGF Management Ltd. cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 99.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,206 shares of the technology company’s stock after selling 1,223,788 shares during the period. AGF Management Ltd.’s holdings in Tyler Technologies were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TYL. DLD Asset Management LP bought a new stake in shares of Tyler Technologies in the second quarter valued at about $5,780,190,000. Vanguard Group Inc. lifted its stake in Tyler Technologies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock valued at $3,302,190,000 after acquiring an additional 110,957 shares in the last quarter. State Street Corp lifted its stake in Tyler Technologies by 4.5% in the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after acquiring an additional 81,679 shares in the last quarter. Principal Financial Group Inc. boosted its position in Tyler Technologies by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock worth $738,010,000 after acquiring an additional 144,612 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after acquiring an additional 30,686 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,500 shares of company stock worth $1,605,605. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday. Oppenheimer cut their price target on shares of Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Piper Sandler reduced their price objective on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group started coverage on Tyler Technologies in a research report on Tuesday, January 13th. They issued a “buy” rating and a $560.00 target price on the stock. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.57.

Key Stories Impacting Tyler Technologies

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Board approves $1 billion share repurchase plan — the large buyback reduces outstanding shares, supports EPS and signals management confidence, a likely near-term tailwind for the stock. Tyler Technologies Announces $1 Billion Share Repurchase Plan
• Positive Sentiment: Acquisition of For The Record (FTR) for ~$212.5M expands Tyler’s court-recording/digital evidence footprint and cross-sell opportunities in public-sector software — a strategic tuck-in that supports recurring SaaS revenue growth. Tyler Technologies Agrees to Buy For The Record for $212.5M
• Positive Sentiment: Multiple analysts reiterate bullish views (Needham reaffirmed Buy, TD Cowen reiterated Buy while trimming its target) — these notes reinforce investor conviction in Tyler’s SaaS momentum and defensive public-sector exposure. Renewed SaaS Momentum and Defensive Fundamentals Underpin Buy on Tyler Technologies
• Neutral Sentiment: Zacks notes earnings growth is expected but says Tyler may lack the right setup for an earnings beat in the next report — useful for near-term expectations but not a firm negative on the long-term thesis. Tyler Technologies (TYL) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: DA Davidson reaffirmed a Neutral rating (TP $510), reflecting that some analysts see upside but want more visibility on execution and margin leverage. DA Davidson Reaffirms Neutral on Tyler
• Negative Sentiment: Wells Fargo cut its price target from $470 to $420 and set an Equal Weight rating — a near-term headwind to sentiment that may cap upside until execution or guidance improves. Wells Fargo Lowers Price Target on Tyler

Tyler Technologies Price Performance

Tyler Technologies stock opened at $343.27 on Thursday. The company’s 50-day moving average is $441.69 and its 200-day moving average is $497.07. The firm has a market capitalization of $14.77 billion, a PE ratio of 47.74, a P/E/G ratio of 2.24 and a beta of 0.91. Tyler Technologies, Inc. has a fifty-two week low of $320.23 and a fifty-two week high of $661.31.

About Tyler Technologies

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.