Tyler Technologies, Inc. $TYL Stake Lessened by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 25.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,275 shares of the technology company’s stock after selling 10,300 shares during the period. Tyler Technologies makes up about 3.8% of Montanaro Asset Management Ltd’s portfolio, making the stock its 8th largest holding. Montanaro Asset Management Ltd’s holdings in Tyler Technologies were worth $13,743,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. DV Equities LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $29,000. Bayban acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of a number of recent analyst reports. Barclays increased their target price on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Finally, Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Twelve 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $468.87.

Tyler Technologies Price Performance

NYSE TYL opened at $279.18 on Friday. The stock’s 50 day simple moving average is $317.27 and its 200-day simple moving average is $365.97. The company has a market cap of $11.77 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. Tyler Technologies, Inc. has a 1-year low of $274.09 and a 1-year high of $621.34.

Tyler Technologies (NYSE:TYL) last issued its quarterly 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. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the previous year, the business earned $2.78 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 10.01 EPS 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.