Corient Private Wealth LP Reduces Stock Position in Tyler Technologies, Inc. $TYL

Key Points

• Corient Private Wealth LP cut its Tyler Technologies stake by 67.7% in the second quarter, selling 4,335 shares and retaining 2,068 shares valued at approximately $605,000.
• Tyler Technologies reported quarterly EPS of $3.08, slightly above estimates, while revenue rose 8.2% year over year to $645.1 million. The stock opened at $316.13, with a market capitalization of about $12.95 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $454.44, although insider selling included sizable transactions by the CEO and COO.

Corient Private Wealth LP decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 67.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,068 shares of the technology company's stock after selling 4,335 shares during the period. Corient Private Wealth LP's holdings in Tyler Technologies were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. BlackRock Inc. bought a new stake in shares of Tyler Technologies in the 2nd quarter worth $1,129,890,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company's stock valued at $857,274,000 after purchasing an additional 44,785 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock worth $597,681,000 after purchasing an additional 291,564 shares during the last quarter. Van ECK Associates Corp grew its position in Tyler Technologies by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company's stock worth $552,596,000 after purchasing an additional 367,203 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Tyler Technologies by 7.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 378,937 shares of the technology company's stock worth $172,018,000 after purchasing an additional 25,859 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

TYL stock opened at $316.13 on Wednesday. The firm has a 50 day moving average of $335.54 and a 200-day moving average of $325.04. 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 $526.47. The firm has a market capitalization of $12.95 billion, a P/E ratio of 41.93, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same period in the previous year, the business earned $2.91 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on TYL. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday, August 1st. BTIG Research reaffirmed a "buy" rating and issued a $400.00 target price on shares of Tyler Technologies in a report on Thursday, September 24th. Zacks Research downgraded Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Barclays lifted their price target on Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, June 10th. Finally, TD Cowen cut their price objective on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $454.44.

Insider Activity

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

Tyler Technologies Company Profile

Tyler Technologies, Inc NYSE: TYL provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.

The company's offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.

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