Deutsche Bank AG Purchases New Position in Tyler Technologies, Inc. $TYL

Deutsche Bank AG purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 303,100 shares of the technology company's stock, valued at approximately $88,645,000. Deutsche Bank AG owned about 0.74% of Tyler Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of 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 buying an additional 19 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Tyler Technologies by 2.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company's stock worth $611,000 after acquiring an additional 23 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company's stock valued at $54,000 after acquiring an additional 27 shares during the last quarter. Glenmede Investment Management LP lifted its position in 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 acquiring an additional 29 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Tyler Technologies by 17.8% in the first quarter. Blue Trust Inc. now owns 199 shares of the technology company's stock valued at $68,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL opened at $348.26 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $308.32 and its two-hundred day moving average is $323.28. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $569.27. The firm has a market capitalization of $14.26 billion, a PE ratio of 46.19, a P/E/G ratio of 2.29 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results 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. The business had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 10.12 earnings per share for the current year.

Wall Street Analyst Weigh In

TYL has been the topic of several research reports. Piper Sandler dropped their price objective on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. TD Cowen decreased their target price on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 27th. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. Citizens Jmp restated a "market outperform" rating and set a $500.00 price target on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, Barclays boosted their price objective on Tyler Technologies from $420.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $456.72.

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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