Hsbc Holdings PLC Sells 3,274 Shares of Tyler Technologies, Inc. $TYL

Hsbc Holdings PLC trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,768 shares of the technology company’s stock after selling 3,274 shares during the period. Hsbc Holdings PLC owned about 0.15% of Tyler Technologies worth $28,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. Redwood Family Wealth LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $659,000. Bayban purchased a new stake in Tyler Technologies in the fourth quarter worth $30,000. Pacer Advisors Inc. increased its stake in Tyler Technologies by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 31,252 shares of the technology company’s stock worth $14,187,000 after purchasing an additional 5,451 shares during the period. Virtu Financial LLC lifted its position in shares of Tyler Technologies by 19.6% during the fourth quarter. Virtu Financial LLC now owns 874 shares of the technology company’s stock worth $396,000 after purchasing an additional 143 shares during the last quarter. Finally, MV Capital Management Inc. bought a new stake in shares of Tyler Technologies during the fourth quarter worth $37,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $285.96 on Thursday. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $621.34. The firm’s 50-day moving average is $314.87 and its two-hundred day moving average is $361.41. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 1.86 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS 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 business had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.66 million. During the same quarter last year, the firm posted $2.78 EPS. The company’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 analysts expect that Tyler Technologies, Inc. will post 10.01 earnings per share for the current year.

Analyst Ratings Changes

TYL has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their price target 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. 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. Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Company 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.