Baird Financial Group Inc. Sells 6,229 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Baird Financial Group cut its Tyler Technologies stake by 13% in the second quarter, selling 6,229 shares and retaining 41,799 shares valued at approximately $12.2 million. Institutional investors collectively own 93.3% of the company.
• Tyler Technologies reported quarterly EPS of $3.08, slightly above estimates, while revenue rose 8.2% year over year to $645.1 million but fell short of expectations. The company issued fiscal 2026 EPS guidance of $12.95–$13.20.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $456.72, although several firms recently lowered their targets. Separately, the CEO and COO sold shares worth a combined approximately $6.5 million.

Baird Financial Group Inc. reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 41,799 shares of the technology company's stock after selling 6,229 shares during the period. Baird Financial Group Inc. owned about 0.10% of Tyler Technologies worth $12,225,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of Tyler Technologies during the fourth quarter worth $27,000. Raiffeisen Bank International AG increased its stake in Tyler Technologies by 259.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company's stock worth $28,000 after buying an additional 70 shares during the period. Elyxium Wealth LLC bought a new stake in Tyler Technologies during the 4th quarter valued at about $29,000. Bayban bought a new stake in Tyler Technologies during the 4th quarter valued at about $30,000. Finally, Quantbot Technologies LP purchased a new stake in Tyler Technologies in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

NYSE TYL opened at $336.55 on Monday. The firm's fifty day simple moving average is $329.96 and its two-hundred day simple moving average is $326.74. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $553.19. The firm has a market capitalization of $13.78 billion, a P/E ratio of 44.64, a P/E/G ratio of 2.22 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same quarter in the prior year, the business posted $2.91 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the sale, the chief operating officer owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H. Moore, Jr. sold 9,250 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the sale, the chief executive officer owned 100,392 shares in the company, valued at $37,425,133.68. The trade was a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Piper Sandler reduced their price objective on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. TD Cowen decreased their target price on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 27th. JPMorgan Chase & Co. lowered their target price on Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $456.72.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler's solutions to manage administrative, operational and citizen-facing functions.

The company's product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.

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