Intech Investment Management LLC Decreases Stake in Tyler Technologies, Inc. $TYL

Intech Investment Management LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,210 shares of the technology company’s stock after selling 8,038 shares during the period. Intech Investment Management LLC’s holdings in Tyler Technologies were worth $1,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Tyler Technologies by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after buying an additional 234,916 shares during the last quarter. State Street Corp increased its stake in Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock valued at $1,019,037,000 after buying an additional 34,178 shares during the last quarter. Principal Financial Group Inc. increased its stake in Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after buying an additional 43,421 shares during the last quarter. Geode Capital Management LLC increased its stake in Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock valued at $556,725,000 after buying an additional 13,608 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock worth $444,740,000 after purchasing an additional 301,885 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction that occurred 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 transaction, the director directly owned 5,298 shares in the company, valued at approximately $1,849,743.72. The trade was a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TYL shares. BTIG Research decreased their price target on shares of Tyler Technologies from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, April 10th. TD Cowen decreased their price target on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays raised their price target on shares of Tyler Technologies from $410.00 to $420.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Stifel Nicolaus decreased their price target on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $468.53.

Tyler Technologies Stock Down 3.3%

Shares of TYL stock opened at $303.37 on Thursday. The company has a 50 day moving average of $326.74 and a 200-day moving average of $379.55. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The firm has a market cap of $12.79 billion, a P/E ratio of 41.90, a PEG ratio of 2.11 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share 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 business had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same period in the previous year, the business earned $2.78 EPS. Tyler Technologies’s 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 analysts expect that Tyler Technologies, Inc. will post 9.91 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.