Swedbank AB lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,650 shares of the technology company's stock after selling 49,800 shares during the period. Swedbank AB owned about 0.61% of Tyler Technologies worth $119,230,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TYL. General American Investors Co. Inc. lifted its stake in Tyler Technologies by 7.2% in the 3rd quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company's stock valued at $23,218,000 after acquiring an additional 3,000 shares in the last quarter. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $2,111,000. Principal Financial Group Inc. grew its stake in shares of Tyler Technologies by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company's stock worth $738,010,000 after acquiring an additional 144,612 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Tyler Technologies by 4.9% in the third quarter. Envestnet Asset Management Inc. now owns 172,932 shares of the technology company's stock valued at $90,471,000 after purchasing an additional 8,126 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Tyler Technologies in the third quarter valued at approximately $1,749,000. Institutional investors and hedge funds own 93.30% of the company's stock.
Insider Transactions at Tyler Technologies
In other news, COO Jeffrey David Puckett sold 5,174 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer directly owned 7,754 shares of the company's stock, valued at $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel M. Pope sold 500 shares of Tyler Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the transaction, the director owned 2,871 shares of the company's stock, valued at $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 ninety days, insiders have sold 7,298 shares of company stock valued at $2,658,721. Company insiders own 1.10% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on TYL shares. Needham & Company LLC restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, February 3rd. Stifel Nicolaus lowered their price target on shares of Tyler Technologies from $550.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Piper Sandler reissued an "overweight" rating and set a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research report on Friday, February 13th. Citizens Jmp restated a "market outperform" rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, Cantor Fitzgerald raised their price objective on Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $468.53.
Read Our Latest Analysis on Tyler Technologies
Tyler Technologies Price Performance
Shares of TYL stock opened at $320.32 on Thursday. The company has a fifty day moving average price of $342.75 and a two-hundred day moving average price of $403.92. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The stock has a market cap of $13.51 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.21 and a beta of 0.86.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company had revenue of $613.50 million for the quarter, compared to analysts' expectations of $608.66 million. During the same period in the prior year, the firm earned $2.78 EPS. Tyler Technologies's quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 9.89 EPS for the current fiscal year.
About Tyler Technologies
(
Free Report)
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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