Duncker Streett & Co. Inc. Cuts Stock Holdings in Tyler Technologies, Inc. $TYL

Duncker Streett & Co. Inc. lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 91.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270 shares of the technology company’s stock after selling 3,013 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Tyler Technologies were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Tyler Technologies during the 4th quarter worth $921,035,000. State Street Corp raised its holdings in Tyler Technologies by 1.8% in the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after purchasing an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Tyler Technologies by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after purchasing an additional 44,785 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of 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 worth $660,089,000 after buying an additional 43,421 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tyler Technologies by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock worth $556,725,000 after acquiring 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 Analyst Weigh In

TYL has been the topic of several analyst reports. Weiss Ratings lowered shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. BTIG Research reissued a “buy” rating and issued a $420.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Barclays boosted their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Finally, Citizens Jmp reissued a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $472.38.

Tyler Technologies Trading Down 2.2%

Tyler Technologies stock opened at $314.47 on Thursday. The firm has a market cap of $13.26 billion, a PE ratio of 43.43, a P/E/G ratio of 2.13 and a beta of 0.82. The stock’s 50 day simple moving average is $308.07 and its two-hundred day simple moving average is $350.84. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34.

Tyler Technologies (NYSE:TYL) last released 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. 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 analysts’ expectations of $608.66 million. During the same quarter in the previous year, the company 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 forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

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.