Hsbc Holdings PLC Decreases Stock Holdings in Tyler Technologies, Inc. $TYL

Hsbc Holdings PLC cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,768 shares of the technology company’s stock after selling 3,274 shares during the period. Hsbc Holdings PLC’s holdings in Tyler Technologies were worth $28,513,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TYL. DV Equities LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $27,000. Salomon & Ludwin LLC raised its stake in shares of Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Tyler Technologies during the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies during the first quarter valued at approximately $38,000. Finally, Bayban acquired a new stake in Tyler Technologies in the fourth quarter valued at approximately $30,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 2.4%

Tyler Technologies stock opened at $285.96 on Thursday. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. The stock has a 50-day moving average price of $314.87 and a 200 day moving average price of $361.41.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $608.66 million. During the same quarter in the prior year, the company earned $2.78 EPS. Tyler Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 10.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings lowered shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Truist Financial set a $440.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research note on Friday, May 1st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $472.38.

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.