Commonwealth Equity Services LLC Reduces Stock Position in Tyler Technologies, Inc. $TYL

Commonwealth Equity Services LLC decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,298 shares of the technology company’s stock after selling 1,684 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tyler Technologies were worth $5,129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TYL. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter worth about $38,000. NewEdge Advisors LLC boosted its stake in shares of Tyler Technologies by 17.8% in the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after buying an additional 38 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Tyler Technologies in the first quarter worth about $2,102,000. Geneos Wealth Management Inc. boosted its stake 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 worth $40,000 after buying an additional 40 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Tyler Technologies by 12.5% in the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TYL shares. Cantor Fitzgerald upped their target price on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. BTIG Research lowered their target price on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. DA Davidson restated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, May 13th. Wells Fargo & Company lowered their target price on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Finally, Stifel Nicolaus lowered their price target on Tyler Technologies from $550.00 to $400.00 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 issued a Sell rating to the stock. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $468.53.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the transaction, the director owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Up 1.5%

Shares of TYL stock opened at $312.62 on Friday. The company has a market capitalization of $13.18 billion, a P/E ratio of 43.18, a P/E/G ratio of 2.10 and a beta of 0.82. The business’s 50 day moving average is $325.74 and its two-hundred day moving average is $377.97. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last issued 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. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, research analysts predict that Tyler Technologies, Inc. will post 9.91 earnings per share for the current fiscal year.

About Tyler Technologies

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.