5,428 Tyler Technologies, Inc. $TYL Shares Sold by Redmond Asset Management LLC

Key Points

• Redmond Asset Management reduced its Tyler Technologies stake by 26.7%, selling 5,428 shares and retaining 14,915 shares valued at approximately $4.75 million. Institutional investors collectively own 93.3% of the company.
• Tyler reported strong third-quarter results, with non-GAAP EPS of $3.52 and revenue up 8.7% year over year to $647.6 million. Subscription and SaaS growth remained robust, though revenue came in below consensus expectations.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and average price target of $442.78, although Goldman Sachs downgraded the stock to Neutral and lowered its target to $345. Shares recently traded down 4.6% and remain valued at a relatively high P/E ratio of 47.92.

Redmond Asset Management LLC cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,915 shares of the technology company's stock after selling 5,428 shares during the quarter. Tyler Technologies comprises approximately 1.4% of Redmond Asset Management LLC's portfolio, making the stock its 15th largest holding. Redmond Asset Management LLC's holdings in Tyler Technologies were worth $4,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in shares of Tyler Technologies by 16.6% during the third quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company's stock worth $380,000 after buying an additional 170 shares during the last quarter. CX Institutional increased its position in Tyler Technologies by 13.3% in the 3rd quarter. CX Institutional now owns 952 shares of the technology company's stock valued at $303,000 after acquiring an additional 112 shares during the period. Tidal Investments LLC raised its stake in Tyler Technologies by 47.0% during the 2nd quarter. Tidal Investments LLC now owns 7,038 shares of the technology company's stock valued at $2,058,000 after acquiring an additional 2,251 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Tyler Technologies during the 2nd quarter valued at approximately $1,172,000. Finally, C WorldWide Group Holding A S raised its stake in Tyler Technologies by 30.3% during the 2nd quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company's stock valued at $11,219,000 after acquiring an additional 8,928 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Tyler Technologies

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

• Positive Sentiment: Third-quarter non-GAAP earnings were $3.52 per share, exceeding the $3.45–$3.48 analyst estimates and rising from $2.97–$2.91 a year earlier. Revenue increased 8.7% to $647.6 million, while GAAP operating income rose 19.5% to $117.0 million. Tyler Technologies Inc. Q3 Profit Climbs
• Positive Sentiment: Underlying subscription trends remained strong: recurring revenue grew 11.0%, subscription revenue rose 15.3%, and SaaS revenue increased 21.2% to $242.2 million. Record quarterly free cash flow of $277.0 million and approximately $379 million of share repurchases also supported the investment case. Tyler Technologies Q3 Revenue Rises 8.7% to $647.6 Million
• Positive Sentiment: Analyst sentiment remains favorable. TD Cowen issued a Buy rating, while DA Davidson reaffirmed Buy with a $460 price target and Needham raised its target to $500. Tyler also announced additional local-government selections of its AI-powered Priority Based Budgeting solution. Tyler Technologies Receives a Buy from TD Cowen
• Neutral Sentiment: Management maintained 2026 non-GAAP EPS guidance of $12.95–$13.20 and revenue guidance of $2.535–$2.565 billion, indicating profitability expectations remain intact.
• Negative Sentiment: Quarterly revenue fell short of the approximately $651.5 million consensus estimate. The company also reduced the upper end of its 2026 revenue range from $2.575 billion to $2.565 billion, reinforcing concerns that growth may not be accelerating fast enough for a premium-valued software stock. Tyler Technologies Q3 2026 Earnings

Analyst Ratings Changes

A number of analysts have weighed in on TYL shares. TD Cowen increased their price objective on Tyler Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday. DA Davidson reissued a "buy" rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Tuesday. The Goldman Sachs Group lowered Tyler Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $395.00 to $345.00 in a report on Thursday, October 8th. Piper Sandler began coverage on Tyler Technologies in a research note on Monday, September 28th. They set an "overweight" rating and a $450.00 price target for the company. Finally, Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a "buy" rating and a $440.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $442.78.

Tyler Technologies Trading Down 4.6%

NYSE:TYL opened at $361.30 on Thursday. The stock has a fifty day moving average price of $350.48 and a two-hundred day moving average price of $338.14. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 2.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $510.19.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.04. The business had revenue of $647.57 million for the quarter, compared to analysts' expectations of $651.52 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 EPS. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CEO H. Moore, Jr. sold 9,250 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the sale, the chief executive officer owned 100,392 shares of the company's stock, valued at approximately $37,425,133.68. The trade was a 8.44% 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, COO Jeffrey Puckett sold 8,500 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company's solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler's product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.

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