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Tyler Technologies, Inc. $TYL Holdings Decreased by Riverbridge Partners LLC
Riverbridge Partners LLC decreased its stake in Tyler Technologies (NYSE:TYL) by 11.1% in the fourth quarter, selling 29,887 shares and now owning 238,740 shares valued at approximately $108.38 million. This reduction comes after Tyler Technologies missed Q4 earnings expectations, reporting an EPS of $2.64 versus $2.71 expected and revenue of $575.18 million against estimates of $591.09 million. Despite several analysts lowering their price targets, the stock maintains a “Moderate Buy” consensus rating with an average target price of $467.54.