Bank of Nova Scotia bought a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,687 shares of the technology company's stock, valued at approximately $8,682,000. Bank of Nova Scotia owned 0.07% of Tyler Technologies at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. DV Equities LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at about $27,000. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter worth approximately $29,000. Bayban acquired a new position in Tyler Technologies during the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC grew its holdings 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 acquiring an additional 78 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Tyler Technologies in the second quarter worth $35,000. 93.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TYL has been the subject of a number of recent analyst reports. Zacks Research raised Tyler Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. UBS Group set a $395.00 price target on shares of Tyler Technologies in a research report on Saturday, August 1st. Piper Sandler decreased their price target on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Robert W. Baird set a $455.00 price target on Tyler Technologies in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $456.72.
Read Our Latest Analysis on TYL
Tyler Technologies Stock Up 1.5%
TYL opened at $355.84 on Tuesday. The firm has a market cap of $14.57 billion, a P/E ratio of 47.19, a PEG ratio of 2.31 and a beta of 0.81. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $310.71 and its 200 day simple moving average is $323.36.
Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million during 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 was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.
About Tyler Technologies
(
Free Report)
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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