Tyler Technologies, Inc. $TYL Stock Holdings Trimmed by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,627 shares of the technology company’s stock after selling 13,254 shares during the period. Tyler Technologies makes up 2.4% of Riverbridge Partners LLC’s holdings, making the stock its 8th largest position. Riverbridge Partners LLC owned approximately 0.62% of Tyler Technologies worth $140,535,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TYL. DLD Asset Management LP purchased a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $5,780,190,000. Norges Bank acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $712,276,000. Jones Financial Companies Lllp increased its holdings in shares of Tyler Technologies by 17,308.3% in the first quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after purchasing an additional 226,566 shares during the period. Vanguard Group Inc. boosted its position in Tyler Technologies by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock valued at $3,302,190,000 after buying an additional 110,957 shares during the last quarter. Finally, State Street Corp increased its holdings in Tyler Technologies by 4.5% in the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after buying an additional 81,679 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, TD Cowen assumed coverage on shares of Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating and a $650.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $649.31.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. The trade was a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,500 shares of company stock valued at $1,605,605. Insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

NYSE TYL opened at $458.14 on Monday. Tyler Technologies, Inc. has a 1-year low of $445.64 and a 1-year high of $661.31. The company has a market cap of $19.71 billion, a PE ratio of 63.72, a price-to-earnings-growth ratio of 3.49 and a beta of 0.91. The stock’s 50 day simple moving average is $474.50 and its 200-day simple moving average is $530.11.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same period in the previous year, the firm posted $2.52 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies 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.