Wealthfront Advisers LLC Takes $643,000 Position in Tyler Technologies, Inc. $TYL

Wealthfront Advisers LLC purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,197 shares of the technology company’s stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC increased its position in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. DV Equities LLC bought a new stake in Tyler Technologies in the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new stake in Tyler Technologies in the fourth quarter worth $29,000. Bayban bought a new stake in Tyler Technologies in the fourth quarter worth $30,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Tyler Technologies by 3,900.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.7%

Tyler Technologies stock opened at $350.75 on Friday. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 2.29 and a beta of 0.81. The stock has a fifty day simple moving average of $309.38 and a two-hundred day simple moving average of $323.47. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $566.95. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share 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 analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 10.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TYL. Truist Financial set a $440.00 price target on Tyler Technologies in a report on Friday, May 1st. BTIG Research dropped their price target on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Citizens Jmp restated a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Two research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.72.

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.