CIBC Asset Management Inc Has $4.59 Million Position in Tyler Technologies, Inc. $TYL

Key Points

• CIBC Asset Management increased its Tyler Technologies stake by 71% in the fourth quarter, ending with 10,100 shares valued at about $4.59 million.
• Tyler Technologies reported better-than-expected quarterly results, with EPS of $3.09 vs. $3.01 expected and revenue of $613.5 million, up 8.5% year over year.
• Analysts remain generally constructive, with a Moderate Buy consensus and an average target price of $468.53, though several firms recently lowered their price targets.

CIBC Asset Management Inc boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,100 shares of the technology company's stock after purchasing an additional 4,194 shares during the quarter. CIBC Asset Management Inc's holdings in Tyler Technologies were worth $4,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TYL. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the first quarter valued at approximately $38,000. NewEdge Advisors LLC grew its holdings in Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock valued at $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP acquired a new position in Tyler Technologies during the first quarter valued at approximately $2,102,000. Geneos Wealth Management Inc. grew its holdings in Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after purchasing an additional 40 shares during the period. Finally, American Century Companies Inc. grew its holdings in Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company's stock valued at $368,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Up 1.5%

Shares of TYL stock opened at $312.62 on Friday. The company's fifty day simple moving average is $325.74 and its 200-day simple moving average is $377.97. The firm has a market cap of $13.18 billion, a PE ratio of 43.18, a P/E/G ratio of 2.10 and a beta of 0.82. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.08. The business had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 9.91 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total transaction of $567,003.36. Following the sale, the director directly owned 5,298 shares of the company's stock, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Piper Sandler reiterated an "overweight" rating and issued a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Oppenheimer reduced their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Weiss Ratings cut shares of Tyler Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, April 24th. BTIG Research reduced their price target on shares of Tyler Technologies from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, April 10th. Finally, DA Davidson reiterated a "buy" rating and issued a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $468.53.

Tyler Technologies Profile

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.

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