Strs Ohio Reduces Position in Tyler Technologies, Inc. $TYL

Strs Ohio lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,531 shares of the technology company’s stock after selling 9,498 shares during the period. Strs Ohio’s holdings in Tyler Technologies were worth $6,142,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. General American Investors Co. Inc. increased its holdings in Tyler Technologies by 7.2% during the 3rd quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company’s stock worth $23,218,000 after acquiring an additional 3,000 shares during the period. ICICI Prudential Asset Management Co Ltd bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $2,111,000. Principal Financial Group Inc. increased its holdings in 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 during the period. Envestnet Asset Management Inc. increased its holdings in Tyler Technologies by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 172,932 shares of the technology company’s stock worth $90,471,000 after acquiring an additional 8,126 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $1,749,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the sale, the director owned 5,298 shares of the company’s stock, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel M. Pope sold 500 shares of the company’s stock in a transaction on 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 sale, the director directly owned 2,871 shares of the company’s stock, valued at $1,020,353.40. This trade represents a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,298 shares of company stock worth $2,658,721 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Weiss Ratings lowered shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, Wells Fargo & Company decreased their price target on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $327.71 on Tuesday. The company’s fifty day moving average price is $342.47 and its 200-day moving average price is $406.38. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.25 and a beta of 0.86. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 9.93 EPS for the current year.

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.