Prudential PLC Cuts Stock Holdings in Tyler Technologies, Inc. $TYL

Prudential PLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 84.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 927 shares of the technology company’s stock after selling 4,872 shares during the period. Prudential PLC’s holdings in Tyler Technologies were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TYL. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies during the first quarter valued at about $38,000. NewEdge Advisors LLC boosted its holdings in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP purchased a new stake in shares of Tyler Technologies during the first quarter worth about $2,102,000. Geneos Wealth Management Inc. boosted its holdings in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after purchasing an additional 69 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TYL shares. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a report on Friday, May 1st. DA Davidson reiterated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, May 13th. TD Cowen dropped their target price on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. Cantor Fitzgerald increased their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $468.53.

Tyler Technologies Price Performance

TYL stock opened at $303.72 on Tuesday. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $621.34. The company has a market cap of $12.81 billion, a P/E ratio of 41.95, a PEG ratio of 2.10 and a beta of 0.82. The firm has a 50-day moving average of $324.99 and a 200 day moving average of $376.22.

Tyler Technologies (NYSE:TYL) last released 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. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same period in the prior year, the firm earned $2.78 earnings per share. Tyler Technologies’s revenue 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 expect that Tyler Technologies, Inc. will post 9.91 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.