Franklin Resources Inc. Cuts Stock Holdings in Tyler Technologies, Inc. $TYL

by · The Markets Daily

Franklin Resources Inc. trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 25.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 630,673 shares of the technology company’s stock after selling 209,832 shares during the period. Franklin Resources Inc.’s holdings in Tyler Technologies were worth $286,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $2,111,000. Principal Financial Group Inc. increased its holdings in shares of Tyler Technologies by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after purchasing an additional 43,421 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $1,882,000. Van ECK Associates Corp increased its holdings in shares of Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $1,703,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the sale, the director owned 5,298 shares of the company’s stock, valued at approximately $1,849,743.72. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $308.21 on Wednesday. The company’s fifty day moving average price is $324.48 and its 200 day moving average price is $375.12. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $621.34. The stock has a market capitalization of $13.00 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.04 and a beta of 0.82.

Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (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 firm had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter last year, the company earned $2.78 EPS. The firm’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. Sell-side analysts predict that Tyler Technologies, Inc. will post 9.91 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TYL. Oppenheimer cut their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 target price on shares of Tyler Technologies in a report on Friday, February 13th. Barclays lifted their target price on shares of Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, Wells Fargo & Company dropped their price target on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $468.53.

View Our Latest Stock Report on Tyler Technologies

Tyler Technologies Profile

(Free Report)

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.

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