Tyler Technologies, Inc. $TYL Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 52.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,731 shares of the technology company’s stock after selling 58,386 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tyler Technologies were worth $17,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its position in Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the period. DV Equities LLC bought a new stake in Tyler Technologies in the fourth quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies during the fourth quarter valued at $29,000. Bayban acquired a new position in shares of Tyler Technologies during the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL opened at $299.88 on Wednesday. The firm’s 50 day moving average is $304.71 and its 200-day moving average is $341.36. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The stock has a market capitalization of $12.65 billion, a P/E ratio of 41.42, a P/E/G ratio of 2.11 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating the consensus estimate of $3.01 by $0.08. The business had revenue of $613.50 million during 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%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. Barclays increased their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. DA Davidson reissued a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Weiss Ratings lowered Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Citizens Jmp restated a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.