Avalon Trust Co Purchases Shares of 51,328 Tyler Technologies, Inc. $TYL

Avalon Trust Co purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 51,328 shares of the technology company's stock, valued at approximately $15,011,000. Avalon Trust Co owned 0.13% of Tyler Technologies as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Tyler Technologies during the 4th quarter worth about $921,035,000. State Street Corp increased its stake in Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company's stock worth $1,019,037,000 after purchasing an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company's stock worth $857,274,000 after purchasing an additional 44,785 shares during the period. Principal Financial Group Inc. lifted its position in shares of Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock worth $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Tyler Technologies by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company's stock worth $556,725,000 after purchasing an additional 13,608 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $328.81 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $578.19. The firm's 50 day moving average is $305.56 and its two-hundred day moving average is $325.81. The firm has a market capitalization of $13.46 billion, a P/E ratio of 43.61, a P/E/G ratio of 2.17 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.91 EPS. The company's revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 10.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TYL shares. Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Citizens Jmp reiterated a "market outperform" rating and set a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. TD Cowen decreased their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Barclays boosted their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $456.72.

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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source