California Public Employees Retirement System Cuts Stake in Tyler Technologies, Inc. $TYL

California Public Employees Retirement System lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 28.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 78,557 shares of the technology company’s stock after selling 31,166 shares during the period. California Public Employees Retirement System’s holdings in Tyler Technologies were worth $26,896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after acquiring an additional 61 shares during the period. DV Equities LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in Tyler Technologies in the 4th quarter valued at approximately $29,000. Bayban acquired a new position in Tyler Technologies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC increased its position in Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 5.3%

Tyler Technologies stock opened at $283.96 on Thursday. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34. The firm’s 50-day simple moving average is $304.41 and its 200 day simple moving average is $340.17. The firm has a market capitalization of $11.97 billion, a PE ratio of 39.22, a P/E/G ratio of 1.99 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 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $608.66 million. During the same period last year, the firm posted $2.78 EPS. 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, research analysts expect that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on TYL shares. DA Davidson restated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. Guggenheim began coverage on Tyler Technologies in a research report on Wednesday. They issued a “buy” rating for the company. JPMorgan Chase & Co. reduced their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research report on Friday, May 1st. Finally, Barclays upped their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $470.47.

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.