Commerce Bank Acquires New Stake in Tyler Technologies, Inc. $TYL

Key Points

• Commerce Bank acquired 8,579 shares of Tyler Technologies in the second quarter, valued at approximately $2.5 million. Institutional investors collectively own 93.3% of the company.
• Analyst sentiment remains positive overall, with Tyler Technologies carrying a consensus “Moderate Buy” rating and an average price target of $456.72, despite JPMorgan lowering its target and mixed individual ratings.
• Tyler Technologies reported quarterly EPS of $3.08, ahead of the $3.05 consensus, while revenue rose 8.2% year over year to $645.1 million, slightly below estimates.

Commerce Bank bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,579 shares of the technology company's stock, valued at approximately $2,509,000.

A number of other large investors have also recently added to or reduced their stakes in the company. American Capital Management Inc. raised its position in Tyler Technologies by 348.9% in the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company's stock valued at $33,876,000 after buying an additional 76,903 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company's stock valued at $660,089,000 after acquiring an additional 43,421 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Tyler Technologies during the 1st quarter worth approximately $2,739,000. TimesSquare Capital Management LLC boosted its position in Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company's stock worth $50,707,000 after acquiring an additional 7,913 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $921,035,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TYL. JPMorgan Chase & Co. lowered their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating on the stock in a report on Tuesday, June 23rd. Weiss Ratings restated a "sell (d+)" rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Cantor Fitzgerald raised their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Finally, Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $456.72.

Tyler Technologies Stock Up 1.5%

NYSE:TYL opened at $355.84 on Tuesday. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 47.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58. The stock's 50 day moving average price is $310.71 and its two-hundred day moving average price is $323.36. 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 (NYSE:TYL - Get Free Report) last announced 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 analysts' expectations of $647.95 million. During the same quarter in the prior year, the business posted $2.91 EPS. The business'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. Equities research analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal 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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