Geode Capital Management LLC Increases Stock Holdings in Tyler Technologies, Inc. $TYL

Geode Capital Management LLC lifted its position in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,228,686 shares of the technology company’s stock after purchasing an additional 13,608 shares during the quarter. Geode Capital Management LLC’s holdings in Tyler Technologies were worth $556,725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Tyler Technologies by 0.6% in the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock valued at $611,000 after purchasing an additional 23 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in shares of Tyler Technologies by 0.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,008 shares of the technology company’s stock valued at $1,573,000 after purchasing an additional 25 shares during the period. Signaturefd LLC grew its holdings in shares of Tyler Technologies by 4.4% in the fourth quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock valued at $291,000 after purchasing an additional 27 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock valued at $54,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. Stifel Nicolaus decreased their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Oppenheimer decreased their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, 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 research report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $468.53.

Get Our Latest Analysis on Tyler Technologies

Insider Transactions at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 5,174 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the sale, the chief operating officer owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the sale, the director directly owned 5,298 shares in the company, valued at $1,849,743.72. This represents a 23.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 7,298 shares of company stock valued at $2,658,721. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Price Performance

NYSE TYL opened at $312.84 on Friday. The firm’s 50-day moving average is $328.82 and its two-hundred day moving average is $383.32. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34. The stock has a market capitalization of $13.19 billion, a P/E ratio of 43.21, a PEG ratio of 2.11 and a beta of 0.86.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 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 quarter in the prior year, the company posted $2.78 earnings per share. Tyler Technologies’s revenue for the quarter 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, analysts anticipate that Tyler Technologies, Inc. will post 9.89 EPS for the current 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.

See Also

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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