Renaissance Technologies LLC Has $8.08 Million Stake in Tyler Technologies, Inc. $TYL

Renaissance Technologies LLC decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 59.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,600 shares of the technology company’s stock after selling 33,920 shares during the period. Renaissance Technologies LLC’s holdings in Tyler Technologies were worth $8,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TYL. Principal Financial Group Inc. grew its position in shares of Tyler Technologies by 3.1% in 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 during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Tyler Technologies by 7.6% during 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 during the last quarter. Norges Bank bought a new stake in Tyler Technologies during the 4th quarter valued at approximately $921,035,000. Comerica Bank increased its position in 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 buying an additional 11,889 shares during the period. Finally, UBS Group AG increased its position in 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 period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

NYSE:TYL opened at $305.18 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.50 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The firm has a 50-day moving average price of $304.43 and a 200 day moving average price of $332.77.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same quarter in the previous year, the firm earned $2.91 EPS. Tyler Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 10.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Guggenheim initiated coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $456.72.

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.