Assetmark Inc. Sells 25,162 Shares of Tyler Technologies, Inc. $TYL

Assetmark Inc. reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 36.6% during the first quarter, HoldingsChannel.com reports. The firm owned 43,640 shares of the technology company’s stock after selling 25,162 shares during the period. Assetmark Inc.’s holdings in Tyler Technologies were worth $14,941,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TYL. Cerity Partners LLC increased its stake in Tyler Technologies by 0.6% in the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Tyler Technologies by 2.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock valued at $611,000 after purchasing an additional 23 shares during the period. Signaturefd LLC boosted its stake in shares of Tyler Technologies by 4.4% during the fourth quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock valued at $291,000 after purchasing an additional 27 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after purchasing an additional 27 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Tyler Technologies by 7.0% in the fourth quarter. Apollon Wealth Management LLC now owns 445 shares of the technology company’s stock worth $202,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TYL shares. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. DA Davidson restated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Barclays raised their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $472.38.

Tyler Technologies Price Performance

NYSE:TYL opened at $320.13 on Monday. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $621.34. The company has a 50-day moving average of $304.78 and a 200 day moving average of $343.43. The firm has a market cap of $13.50 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The firm’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 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

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.