Wellington Management Group LLP grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 88.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,391 shares of the technology company’s stock after acquiring an additional 119,127 shares during the period. Wellington Management Group LLP’s holdings in Tyler Technologies were worth $74,399,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. American Capital Management Inc. increased its position in Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock worth $33,876,000 after acquiring an additional 76,903 shares during the period. Edgestream Partners L.P. bought a new stake in Tyler Technologies in the 1st quarter valued at about $2,739,000. TimesSquare Capital Management LLC boosted its holdings in Tyler Technologies by 7.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after purchasing an additional 7,913 shares during the period. Norges Bank acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $921,035,000. Finally, ING Groep NV acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $9,379,000. Institutional investors own 93.30% of the company’s stock.
Insider Activity
In other news, COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
Tyler Technologies Stock Performance
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same period in the previous year, the business earned $2.91 earnings per share. The company’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, research analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on TYL. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Piper Sandler reduced their price target on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. DA Davidson restated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Guggenheim started coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. Finally, Barclays upped their target price on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $456.72.
Read Our Latest Analysis on TYL
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.
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