T. Rowe Price Investment Management Inc. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,888,475 shares of the technology company’s stock after buying an additional 44,785 shares during the period. T. Rowe Price Investment Management Inc. owned 4.39% of Tyler Technologies worth $857,274,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Tyler Technologies in the 3rd quarter valued at about $2,111,000. Principal Financial Group Inc. grew its holdings in Tyler Technologies by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after purchasing an additional 43,421 shares during the period. CenterBook Partners LP acquired a new stake in Tyler Technologies in the third quarter valued at approximately $1,882,000. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 55.1% in the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after buying an additional 301,885 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its position in shares of Tyler Technologies by 7.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after buying an additional 7,913 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on TYL shares. BTIG Research reaffirmed a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Weiss Ratings lowered shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $468.87.
Tyler Technologies Trading Down 3.0%
NYSE:TYL opened at $279.18 on Friday. The company’s 50-day moving average price is $318.24 and its 200-day moving average price is $366.58. The company has a market cap of $11.77 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.91 and a beta of 0.82. Tyler Technologies, Inc. has a twelve month low of $274.09 and a twelve month high of $621.34.
Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same quarter in the prior year, the firm earned $2.78 EPS. Tyler Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, analysts expect that Tyler Technologies, Inc. will post 10.02 earnings per share for the current year.
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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