The Manufacturers Life Insurance Company Takes Position in Tyler Technologies, Inc. $TYL

The Manufacturers Life Insurance Company acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,796 shares of the technology company’s stock, valued at approximately $6,082,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. DV Equities LLC bought a new stake in Tyler Technologies in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of Tyler Technologies during the 4th quarter worth about $29,000. Bayban bought a new position in shares of Tyler Technologies during the 4th quarter worth about $30,000. Cornerstone Planning Group LLC raised its position in shares of Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Tyler Technologies during the second quarter valued at about $35,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $373.51 on Tuesday. The stock’s fifty day simple moving average is $318.81 and its 200 day simple moving average is $323.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 49.54, a P/E/G 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.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.03. The firm 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%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TYL. DA Davidson reissued a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Barclays upped their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Piper Sandler reduced their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. BTIG Research decreased their price objective on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.72.

Insider Activity

In related news, COO Jeffrey David Puckett sold 8,500 shares of the 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 owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

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.