Bank of New York Mellon Corp Purchases Shares of 247,644 Tyler Technologies, Inc. $TYL

Bank of New York Mellon Corp purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 247,644 shares of the technology company's stock, valued at approximately $72,426,000. Bank of New York Mellon Corp owned 0.60% of Tyler Technologies at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TYL. Norges Bank bought a new stake in Tyler Technologies in the fourth quarter worth approximately $921,035,000. State Street Corp increased its stake in shares of Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company's stock valued at $1,019,037,000 after acquiring an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of 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 valued at $857,274,000 after purchasing an additional 44,785 shares during the period. Principal Financial Group Inc. raised its stake in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock worth $597,681,000 after buying an additional 291,564 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Tyler Technologies by 1.1% in the 4th 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 owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TYL. DA Davidson reaffirmed a "buy" rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. BTIG Research decreased their price objective on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Barclays increased their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. Citizens Jmp restated a "market outperform" rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, TD Cowen cut their target price on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. 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

Shares of NYSE:TYL opened at $349.82 on Wednesday. The stock has a market cap of $14.32 billion, a P/E ratio of 46.39, a P/E/G ratio of 2.34 and a beta of 0.81. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $566.58. The company has a 50 day moving average of $311.74 and a 200 day moving average of $323.41. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter last year, the business posted $2.91 earnings per share. The firm'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. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal 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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