“Seemed quite hot” is not a standard unit of measure.
Is the target mount to a cardboard backing or free hanging? If just blowing in the wind the holes will be jagged or keyhole
Based on the minimal information provided, the holes appear to be normal for anything but a wadcutter or semi-wadcutter with a sharp, well-defined shoulder.
The bullet is a 9mm FMJ 124gr FIOCCHI. The gun is a G17 3rd generation. The target distance was 25 yards. Unfortunately I didn't have a chronograph with me but the load seemed pretty hot...
I have a few old Mosin rifles that keyholed because of a bad crown. A simple counterbore fixed the issue.
After having seen a lot of sideways bullets, I can positively say that the holes above are quite normal.
The other issue is the quality of the cheap paper they use for targets. Shoot at a good boxboard or Masonite board and the holes won't look like that.
Fiocchi ammo most often is on the warm side.
At the Trap range, when someone is not using the proper ammo,
one of the regulars, will shout, that sounds HOT.
Then they are removed, unless someone gives them ammo to finish the flight.
If someone tried to remove me from the field because they didn't like the sound of my shells there would be a problem.