Franklin Resources Inc. Has $439.72 Million Stock Position in Tyler Technologies, Inc. $TYL

Franklin Resources Inc. reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 840,505 shares of the technology company’s stock after selling 133,978 shares during the period. Franklin Resources Inc.’s holdings in Tyler Technologies were worth $439,719,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Tyler Technologies in the third quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Tyler Technologies during the second quarter worth about $32,000. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $49,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Robert W. Baird set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $325.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

Insider Activity at Tyler Technologies

In related news, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $325.08 per share, for a total transaction of $198,298.80. Following the completion of the acquisition, the insider owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 500 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total value of $177,700.00. Following the sale, the director owned 2,871 shares in the company, valued at $1,020,353.40. The trade was a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,174 shares of company stock worth $3,228,243. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 1.7%

Shares of TYL stock opened at $348.26 on Thursday. The company’s fifty day simple moving average is $381.91 and its 200-day simple moving average is $456.08. The firm has a market cap of $14.97 billion, a PE ratio of 48.37, a P/E/G ratio of 2.38 and a beta of 0.90. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same period last year, the business posted $2.43 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share 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.