National Pension Service Lowers Stake in Tyler Technologies, Inc. $TYL

Key Points

• National Pension Service cut its Tyler Technologies stake by 91.7% in the second quarter, selling 64,319 shares and retaining 5,803 shares worth approximately $1.7 million. Institutional investors and hedge funds collectively own 93.3% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $456.72, although several firms recently reduced their targets. Shares opened at $336.55, within a 12-month range of $270.71 to $553.19.
• Tyler Technologies slightly exceeded quarterly earnings expectations, reporting $3.08 in adjusted EPS versus a $3.05 consensus estimate, while revenue rose 8.2% year over year to $645.1 million. Company insiders, including the CEO and COO, recently sold shares.

National Pension Service cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 91.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,803 shares of the technology company's stock after selling 64,319 shares during the quarter. National Pension Service's holdings in Tyler Technologies were worth $1,697,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in Tyler Technologies in the 2nd quarter valued at about $1,172,000. C WorldWide Group Holding A S raised its stake in shares of Tyler Technologies by 30.3% during the second quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company's stock worth $11,219,000 after purchasing an additional 8,928 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Tyler Technologies by 36.6% during the second quarter. NewEdge Advisors LLC now owns 235 shares of the technology company's stock worth $69,000 after purchasing an additional 63 shares during the period. IFP Advisors Inc grew its position in Tyler Technologies by 5.9% in the 2nd quarter. IFP Advisors Inc now owns 573 shares of the technology company's stock valued at $168,000 after buying an additional 32 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Tyler Technologies by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 12,172 shares of the technology company's stock valued at $3,560,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TYL. Piper Sandler lowered their target price on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. dropped their target price on Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. BTIG Research reduced their price target on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, July 30th. UBS Group set a $395.00 price objective on Tyler Technologies in a report on Saturday, August 1st. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Tyler Technologies in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $336.55 on Monday. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50 day simple moving average is $329.96 and its 200-day simple moving average is $326.74. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $553.19.

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

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 9,250 shares of Tyler Technologies 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 completion of the transaction, the chief executive officer owned 100,392 shares in the company, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company's stock.

Tyler Technologies 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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