Tyler Technologies, Inc. $TYL Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 58.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,471 shares of the technology company’s stock after selling 155,080 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tyler Technologies were worth $50,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. General American Investors Co. Inc. increased its position 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 purchasing an additional 3,000 shares in the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new stake in Tyler Technologies during the 3rd quarter worth about $2,111,000. Envestnet Asset Management Inc. increased its position 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 purchasing an additional 8,126 shares in the last quarter. Principal Financial Group Inc. increased its position 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 purchasing an additional 144,612 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Tyler Technologies in the third quarter valued at $1,749,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Oppenheimer dropped their target price on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings lowered Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. TD Cowen dropped their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $468.53.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $323.77 on Wednesday. The firm has a market capitalization of $13.65 billion, a PE ratio of 44.72, a P/E/G ratio of 2.16 and a beta of 0.86. The business has a 50-day moving average of $335.34 and a two-hundred day moving average of $391.66. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 9.89 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the sale, the chief operating officer directly owned 7,754 shares in the company, valued at $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the sale, 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. Insiders sold a total of 7,298 shares of company stock valued at $2,658,721 over the last three months. Insiders own 1.10% of the company’s stock.

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.