M&T Bank Corp Has $8.94 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• M&T Bank Corp raised its position in Tyler Technologies by 263.2% in Q4 and now owns 19,694 shares worth about $8.94 million.
• Analysts' consensus is a Moderate Buy (11 Buys, 3 Holds) with an average price target of $463.69, though individual targets vary widely.
• Tyler missed recent quarterly estimates, reporting $2.64 EPS vs. $2.71 expected and $575.2M revenue vs. $591.1M, with shares trading around $341.70 versus a 52‑week high of $621.34.

M&T Bank Corp lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 263.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,694 shares of the technology company's stock after buying an additional 14,272 shares during the period. M&T Bank Corp's holdings in Tyler Technologies were worth $8,940,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Tyler Technologies in the third quarter valued at $28,000. Salomon & Ludwin LLC grew its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock valued at $27,000 after buying an additional 61 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the first quarter valued at $38,000. Geneos Wealth Management Inc. grew its stake in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after buying an additional 40 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Tyler Technologies in the third quarter valued at $49,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Tyler Technologies in a research note on Friday, January 9th. Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Finally, BTIG Research cut their target price on shares of Tyler Technologies from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $463.69.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $341.70 on Friday. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34. The company has a market capitalization of $14.51 billion, a P/E ratio of 47.46, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92. The company has a 50-day simple moving average of $340.02 and a 200 day simple moving average of $412.22.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The firm had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. During the same quarter last year, the business posted $2.43 earnings per share. The company's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 9.93 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $325.08 per share, with a total value of $198,298.80. Following the acquisition, the insider directly owned 1,123 shares in the company, valued at $365,064.84. The trade was a 118.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel M. Pope sold 500 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the transaction, the director directly owned 2,871 shares in the company, valued at approximately $1,020,353.40. This represents a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,298 shares of company stock worth $2,658,721. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Company 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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