Legal & General Group Plc Makes New $55.11 Million Investment in Tyler Technologies, Inc. $TYL

Legal & General Group Plc purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 188,444 shares of the technology company’s stock, valued at approximately $55,112,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Tyler Technologies during the 2nd quarter worth about $1,129,890,000. Norges Bank bought a new position in Tyler Technologies in the 4th quarter worth about $921,035,000. Van ECK Associates Corp grew its holdings in Tyler Technologies by 43.2% during the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after buying an additional 367,203 shares in the last quarter. Deutsche Bank AG purchased a new position in Tyler Technologies during the 2nd quarter valued at about $88,645,000. Finally, Principal Financial Group Inc. increased its position in shares of Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after buying an additional 291,564 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. The trade was a 52.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

NYSE:TYL opened at $378.87 on Friday. The stock has a market cap of $15.51 billion, a P/E ratio of 50.25, a PEG ratio of 2.43 and a beta of 0.81. 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 business’s 50-day moving average price is $316.86 and its two-hundred day moving average price is $324.04. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, equities analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. Piper Sandler reduced their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. UBS Group set a $395.00 target price on shares of Tyler Technologies in a report on Saturday, August 1st. Barclays increased their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Finally, Truist Financial set a $440.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $456.72.

About Tyler Technologies

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.