Bank of New York Mellon Corp Sells 255,274 Shares of Tyler Technologies, Inc. $TYL

Bank of New York Mellon Corp cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 48.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 268,754 shares of the technology company’s stock after selling 255,274 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tyler Technologies were worth $92,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TYL. Norges Bank acquired a new stake in shares of Tyler Technologies during the 4th quarter worth $921,035,000. Van ECK Associates Corp raised its stake in Tyler Technologies by 43.2% in the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after purchasing an additional 367,203 shares in the last quarter. Principal Financial Group Inc. raised its stake in Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Wellington Management Group LLP lifted its position in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after purchasing an additional 252,488 shares during the period. Finally, Impax Asset Management Group plc acquired a new stake in Tyler Technologies during the fourth quarter worth about $106,740,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Down 5.7%

Tyler Technologies stock opened at $299.88 on Wednesday. The stock has a market cap of $12.65 billion, a PE ratio of 41.42, a P/E/G ratio of 2.11 and a beta of 0.82. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The business’s 50-day moving average price is $304.71 and its two-hundred day moving average price is $341.36.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 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 firm had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. 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. As a group, analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TYL. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. 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. According to MarketBeat, Tyler Technologies currently has an average 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.