Teachers Retirement System of The State of Kentucky Has $3 Million Position in Tyler Technologies, Inc. $TYL

Teachers Retirement System of The State of Kentucky cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 40.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,766 shares of the technology company’s stock after selling 5,836 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tyler Technologies were worth $3,002,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DV Equities LLC bought a new stake in Tyler Technologies during the fourth quarter worth about $27,000. Salomon & Ludwin LLC raised its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 4.1%

Shares of TYL stock opened at $301.49 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The firm has a fifty day moving average of $305.48 and a 200-day moving average of $346.54. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data 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 business 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%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $455.00 price target on Tyler Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings cut Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Cantor Fitzgerald increased their target price on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. Thirteen 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’s stock. According to MarketBeat, the company 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.