Swedbank AB Reduces Position in Tyler Technologies, Inc. $TYL

Swedbank AB lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 97.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,531 shares of the technology company’s stock after selling 257,119 shares during the quarter. Swedbank AB’s holdings in Tyler Technologies were worth $1,894,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TYL. Norges Bank bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. State Street Corp boosted its holdings in Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after buying an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after buying an additional 44,785 shares during the period. Principal Financial Group Inc. grew its stake in Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after buying an additional 43,421 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock valued at $556,725,000 after buying an additional 13,608 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TYL. Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. DA Davidson reaffirmed a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Cantor Fitzgerald boosted their price objective on Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $440.00 price objective on Tyler Technologies in a report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $472.38.

Tyler Technologies Stock Performance

Tyler Technologies stock traded down $1.24 during midday trading on Friday, reaching $309.77. 354,635 shares of the stock were exchanged, compared to its average volume of 815,753. The company’s fifty day moving average is $306.54 and its 200-day moving average is $349.52. The firm has a market cap of $13.06 billion, a PE ratio of 42.79, a PEG ratio of 2.05 and a beta of 0.82. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) 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 business had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the prior year, the company posted $2.78 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.04 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.