Franklin Resources Inc. reduced its position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 25.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 630,673 shares of the technology company’s stock after selling 209,832 shares during the period. Franklin Resources Inc. owned 1.47% of Tyler Technologies worth $286,294,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $2,111,000. Principal Financial Group Inc. boosted 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 worth $660,089,000 after purchasing an additional 43,421 shares in the last quarter. CenterBook Partners LP acquired a new stake in Tyler Technologies in the 3rd quarter worth approximately $1,882,000. Van ECK Associates Corp boosted its stake in Tyler Technologies by 55.1% in 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 in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in Tyler Technologies in the 3rd quarter worth approximately $1,703,000. 93.30% of the stock is currently owned by institutional investors.
Insider Transactions at Tyler Technologies
In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at approximately $1,849,743.72. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.
Tyler Technologies Trading Up 1.5%
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $608.66 million. During the same period last year, the firm posted $2.78 EPS. 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 predict that Tyler Technologies, Inc. will post 9.91 EPS for the current fiscal year.
Analyst Ratings Changes
TYL has been the subject of a number of recent analyst reports. TD Cowen lowered their target price 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. 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. DA Davidson reiterated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, May 13th. Stifel Nicolaus lowered their target price 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 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Twelve equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $468.53.
Check Out Our Latest Stock Report on Tyler Technologies
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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