Tyler Technologies, Inc. $TYL Shares Sold by Choate Investment Advisors

Choate Investment Advisors reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,129 shares of the technology company’s stock after selling 2,028 shares during the quarter. Choate Investment Advisors’ holdings in Tyler Technologies were worth $4,598,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Tyler Technologies during the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC increased its position in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the 1st quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Truist Financial set a $440.00 price objective on Tyler Technologies in a research note on Friday, May 1st. DA Davidson restated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, May 13th. Barclays raised their price objective on Tyler Technologies from $410.00 to $420.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Cantor Fitzgerald raised their price objective on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $468.53.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 1,624 shares of the firm’s 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 of the company’s stock, valued at $1,849,743.72. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the sale, the director directly owned 2,871 shares in the company, valued at approximately $1,020,353.40. This trade represents a 14.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,298 shares of company stock valued at $2,658,721 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 0.1%

Shares of NYSE:TYL opened at $313.54 on Monday. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 2.11 and a beta of 0.86. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34. The business has a 50-day moving average price of $332.73 and a 200-day moving average price of $388.26.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $3.01 by $0.08. The firm had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.Tyler Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 9.89 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.