Assenagon Asset Management S.A. Purchases 53,512 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Assenagon Asset Management increased its Tyler Technologies position by 660.8%, buying 53,512 additional shares to hold 61,610 shares valued at approximately $18.0 million. Institutional investors collectively own 93.3% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $456.72, despite several firms recently lowering their targets.
• Tyler Technologies reported quarterly EPS of $3.08, beating estimates by $0.03, while revenue rose 8.2% year over year to $645.1 million, slightly below analyst expectations.

Assenagon Asset Management S.A. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 660.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,610 shares of the technology company's stock after buying an additional 53,512 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Tyler Technologies worth $18,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TYL. Cerity Partners LLC grew its position in Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company's stock valued at $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. raised its holdings in Tyler Technologies by 2.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company's stock worth $611,000 after buying an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Tyler Technologies by 35.5% during the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company's stock worth $54,000 after buying an additional 27 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Tyler Technologies by 7.0% in the fourth quarter. Apollon Wealth Management LLC now owns 445 shares of the technology company's stock valued at $202,000 after buying an additional 29 shares in the last quarter. Finally, Glenmede Investment Management LP lifted its stake in shares of Tyler Technologies by 4.9% in the third quarter. Glenmede Investment Management LP now owns 615 shares of the technology company's stock valued at $322,000 after buying an additional 29 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. TD Cowen lowered their target price 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. Truist Financial set a $440.00 price objective on Tyler Technologies in a research note on Friday, May 1st. Piper Sandler dropped their target price on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. UBS Group set a $395.00 target price on Tyler Technologies in a research report on Saturday, August 1st. Finally, BTIG Research lowered their price target on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Two 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 assigned a Sell rating to the stock. According to MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $456.72.

Tyler Technologies Price Performance

TYL opened at $311.68 on Monday. The firm has a market cap of $12.76 billion, a P/E ratio of 41.34, a PEG ratio of 2.06 and a beta of 0.81. The firm has a 50-day moving average of $304.59 and a 200 day moving average of $328.96. 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 fifty-two week low of $270.71 and a fifty-two week high of $600.11.

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, topping the consensus estimate of $3.05 by $0.03. The business 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%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 10.12 EPS for the current year.

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.

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