Jupiter Topco LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 79,008 shares of the technology company’s stock, valued at approximately $23,107,000.
Other hedge funds also recently modified their holdings of the company. DV Equities LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at $29,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the first quarter valued at $38,000. Bayban bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on TYL shares. TD Cowen reduced their target price on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Barclays raised their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. dropped their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $456.72.
Insider Buying and Selling at Tyler Technologies
In related news, COO Jeffrey David Puckett sold 8,500 shares of the firm’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 sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Tyler Technologies Trading Up 2.4%
Shares of TYL opened at $378.87 on Friday. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58. 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 stock has a market cap of $15.51 billion, a PE ratio of 50.25, a P/E/G ratio of 2.43 and a beta of 0.81. The business’s 50-day moving average price is $316.86 and its 200-day moving average price is $324.04.
Tyler Technologies (NYSE:TYL – Get Free Report) 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 net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same period last year, the firm earned $2.91 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 10.13 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.
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