Van ECK Associates Corp Cuts Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Van ECK Associates reduced its Tyler Technologies stake by 31.7% in the second quarter, selling 431,430 shares and retaining 929,654 shares valued at approximately $271.9 million. Institutional investors collectively own 93.3% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $456.72, despite several recent target-price reductions.
• Tyler Technologies slightly exceeded quarterly EPS expectations, reporting $3.08 versus the $3.05 consensus, while revenue rose 8.2% year over year to $645.1 million. Shares opened at $378.87, and the company’s COO recently sold 8,500 shares.

Van ECK Associates Corp decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 31.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 929,654 shares of the technology company's stock after selling 431,430 shares during the period. Van ECK Associates Corp owned about 2.27% of Tyler Technologies worth $271,887,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. American Capital Management Inc. raised its position in shares of Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company's stock valued at $33,876,000 after buying an additional 76,903 shares during the last quarter. Principal Financial Group Inc. grew its position in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company's stock worth $660,089,000 after buying an additional 43,421 shares in the last quarter. Edgestream Partners L.P. bought a new position in Tyler Technologies during the first quarter valued at about $2,739,000. TimesSquare Capital Management LLC increased its stake in Tyler Technologies by 7.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company's stock valued at $50,707,000 after acquiring an additional 7,913 shares during the period. Finally, Norges Bank acquired a new position in Tyler Technologies in the 4th quarter valued at approximately $921,035,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Guggenheim assumed coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They issued a "buy" rating and a $440.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. BTIG Research reduced their target price on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $456.72.

Tyler Technologies Price Performance

Shares of TYL stock opened at $378.87 on Friday. The stock's fifty day simple moving average is $316.86 and its 200 day simple moving average is $324.04. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $566.58. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 50.25, a P/E/G ratio of 2.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55.

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 (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.03. The firm had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Jeffrey David Puckett sold 8,500 shares of the 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 owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company 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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