Quantitative Investment Management LLC Acquires 3,330 Shares of Tyler Technologies, Inc. $TYL

Quantitative Investment Management LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 69.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,111 shares of the technology company’s stock after acquiring an additional 3,330 shares during the quarter. Quantitative Investment Management LLC’s holdings in Tyler Technologies were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have 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 stake in shares of Tyler Technologies during the fourth quarter valued at about $921,035,000. State Street Corp lifted its holdings in shares of Tyler Technologies by 1.8% in the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after buying an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Tyler Technologies by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock valued at $857,274,000 after acquiring an additional 44,785 shares during the period. Finally, Principal Financial Group Inc. grew its stake in 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 acquiring an additional 291,564 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday, August 1st. Guggenheim initiated coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective for the company. Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. DA Davidson reiterated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. cut their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $456.72.

Insiders Place Their Bets

In other Tyler Technologies news, COO Jeffrey David Puckett sold 8,500 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 0.2%

TYL stock opened at $378.87 on Monday. The company has a market capitalization of $15.52 billion, a PE ratio of 50.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $566.58. The company’s 50 day moving average price is $316.86 and its two-hundred day moving average price is $323.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. During the same quarter in the prior year, the company earned $2.91 EPS. The firm’s 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. As a group, analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share 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.