SEB Asset Management AB Makes New Investment in Tyler Technologies, Inc. $TYL

SEB Asset Management AB acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,054 shares of the technology company’s stock, valued at approximately $28,778,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of 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 valued at $660,089,000 after purchasing an additional 43,421 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Tyler Technologies by 7.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after purchasing an additional 7,913 shares in the last quarter. Norges Bank bought a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $921,035,000. Comerica Bank boosted its position in shares of Tyler Technologies by 67.2% in the 4th quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock worth $13,424,000 after purchasing an additional 11,889 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Tyler Technologies by 6.0% in the 4th quarter. UBS Group AG now owns 224,644 shares of the technology company’s stock worth $101,977,000 after buying an additional 12,673 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. BTIG Research restated a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Truist Financial set a $440.00 price target on Tyler Technologies in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Stock Performance

TYL opened at $320.13 on Monday. The company’s 50-day simple moving average is $304.78 and its two-hundred day simple moving average is $343.43. The stock has a market capitalization of $13.50 billion, a P/E ratio of 44.22, a P/E/G ratio of 2.12 and a beta of 0.82. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $608.66 million. During the same period in the previous year, the business posted $2.78 earnings per share. The business’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. Research analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

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.