Louisiana State Employees Retirement System bought a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,200 shares of the technology company’s stock, valued at approximately $753,000.
Several other institutional investors also recently added to or reduced their stakes in TYL. Norges Bank bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. Van ECK Associates Corp raised its stake 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 purchasing an additional 367,203 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Tyler Technologies by 72.5% in the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares during the period. Impax Asset Management Group plc acquired a new stake in Tyler Technologies in the 4th quarter worth $106,740,000. Finally, Two Sigma Investments LP increased its holdings in shares of Tyler Technologies by 189.6% during the 3rd quarter. Two Sigma Investments LP now owns 290,511 shares of the technology company’s stock worth $151,984,000 after purchasing an additional 190,210 shares during the period. 93.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on TYL. Barclays increased their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $420.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. DA Davidson restated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Thirteen investment analysts have rated the stock with 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, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.38.
Tyler Technologies Stock Performance
Tyler Technologies stock traded up $7.98 on Tuesday, reaching $326.99. The company’s stock had a trading volume of 22,672 shares, compared to its average volume of 703,668. The business’s fifty day moving average price is $308.93 and its 200 day moving average price is $352.75. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.11 and a beta of 0.82. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34.
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same period last year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 10.04 earnings per share for the current year.
Tyler Technologies Company 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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