3,863,402 Shares in Tyler Technologies, Inc. $TYL Bought by BlackRock Inc.

BlackRock Inc. acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,863,402 shares of the technology company's stock, valued at approximately $1,129,890,000. BlackRock Inc. owned about 9.43% of Tyler Technologies at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its stake in shares of Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock worth $27,000 after purchasing an additional 61 shares in the last quarter. DV Equities LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in Tyler Technologies during the fourth quarter worth about $29,000. Bayban bought a new position in Tyler Technologies during the fourth quarter worth about $30,000. Finally, Cornerstone Planning Group LLC increased its position in Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TYL. Weiss Ratings reissued a "sell (d+)" rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Zacks Research raised shares of Tyler Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Cantor Fitzgerald upped their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. TD Cowen lowered their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Finally, Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $456.72.

Tyler Technologies Trading Up 0.7%

Shares of NYSE TYL opened at $350.75 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $566.95. The firm has a 50 day moving average price of $309.38 and a two-hundred day moving average price of $323.47. The stock has a market cap of $14.36 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping analysts' consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. Tyler Technologies's revenue was up 8.2% compared to the same quarter last year. 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. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 10.12 EPS 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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