Jupiter Topco LLC Purchases Shares of 79,008 Tyler Technologies, Inc. $TYL

Key Points

• Jupiter Topco LLC acquired 79,008 Tyler Technologies shares worth approximately $23.1 million, representing 0.19% of the company. Institutional investors collectively own 93.3% of Tyler Technologies.
• Tyler Technologies exceeded quarterly EPS expectations, reporting $3.08 versus the $3.05 consensus, while revenue rose 8.2% year over year to $645.1 million, slightly below estimates.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $456.72 target price; meanwhile, COO Jeffrey Puckett sold 8,500 shares for about $3.03 million.

Jupiter Topco LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 79,008 shares of the technology company's stock, valued at approximately $23,107,000. Jupiter Topco LLC owned 0.19% of Tyler Technologies at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. AWM Investment Company Inc. bought a new stake in Tyler Technologies during the second quarter worth about $535,000. Hsbc Holdings PLC acquired a new stake in shares of Tyler Technologies in the 2nd quarter valued at $21,280,000. Expect Equity LLC acquired a new stake in Tyler Technologies in the second quarter worth about $1,538,000. Legal & General Group Plc acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $55,112,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Tyler Technologies during the 2nd quarter worth $6,082,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $378.87 on Friday. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58. 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 firm has a market cap of $15.51 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. The business's 50 day moving average is $316.86 and its 200-day moving average is $324.04.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to analysts' expectations of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. Tyler Technologies's quarterly 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. Equities research analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 8,500 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TYL shares. BTIG Research decreased their target price on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $455.00 target price on Tyler Technologies in a report on Friday, May 1st. Barclays raised 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. Guggenheim assumed coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They issued a "buy" rating and a $440.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price 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. Two equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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