Tyler Technologies, Inc. $TYL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 6.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 101,547 shares of the technology company’s stock after selling 6,540 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Tyler Technologies were worth $34,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nvest Financial LLC purchased a new stake in Tyler Technologies in the first quarter valued at $247,000. Whittier Trust Co. of Nevada Inc. grew its stake in Tyler Technologies by 235.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the technology company’s stock worth $54,000 after buying an additional 113 shares during the last quarter. Stephens Inc. AR increased its position in Tyler Technologies by 287.0% during the first quarter. Stephens Inc. AR now owns 11,838 shares of the technology company’s stock worth $4,053,000 after buying an additional 8,779 shares during the period. Stephens Investment Management Group LLC increased its position in Tyler Technologies by 5.8% during the first quarter. Stephens Investment Management Group LLC now owns 143,322 shares of the technology company’s stock worth $49,071,000 after buying an additional 7,798 shares during the period. Finally, Praxis Investment Management Inc. lifted its stake in Tyler Technologies by 35.5% in the first quarter. Praxis Investment Management Inc. now owns 5,085 shares of the technology company’s stock valued at $1,741,000 after buying an additional 1,333 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $314.15 on Tuesday. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34. The business has a 50 day simple moving average of $306.01 and a 200-day simple moving average of $347.67. The stock has a market capitalization of $13.25 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 13.26% and a return on equity of 10.74%. Tyler Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of research reports. Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. DA Davidson reiterated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. BTIG Research restated a “buy” rating and issued a $420.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Thirteen equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.38.

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.