CIBC Asset Management Inc Purchases 4,194 Shares of Tyler Technologies, Inc. $TYL

CIBC Asset Management Inc boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 71.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,100 shares of the technology company’s stock after acquiring an additional 4,194 shares during the quarter. CIBC Asset Management Inc’s holdings in Tyler Technologies were worth $4,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd bought a new stake in Tyler Technologies during the third quarter worth $2,111,000. Envestnet Asset Management Inc. raised its position in Tyler Technologies by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 172,932 shares of the technology company’s stock worth $90,471,000 after acquiring an additional 8,126 shares in the last quarter. Principal Financial Group Inc. raised its position in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after acquiring an additional 43,421 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Tyler Technologies in the third quarter valued at $1,882,000. Finally, Van ECK Associates Corp increased its holdings in shares of Tyler Technologies by 55.1% in the third 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 during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

NYSE:TYL opened at $312.62 on Friday. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The company has a market cap of $13.18 billion, a P/E ratio of 43.18, a P/E/G ratio of 2.10 and a beta of 0.82. The firm’s fifty day moving average price is $325.74 and its two-hundred day moving average price is $377.97.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS 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 business had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.66 million. During the same period in the prior year, the company posted $2.78 earnings per share. Tyler Technologies’s revenue 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. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 9.91 earnings per share for the current year.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the transaction, the director directly owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TYL shares. Oppenheimer decreased their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a report on Friday, February 13th. Barclays upped their price objective 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. Wells Fargo & Company decreased their price objective on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Tuesday, April 28th. Twelve 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’s stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.53.

Tyler Technologies 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.