Legal & General Group Plc Acquires Shares of 188,444 Tyler Technologies, Inc. $TYL

Key Points

• Legal & General Group Plc acquired 188,444 Tyler Technologies shares worth approximately $55.1 million, giving it a 0.46% stake. Institutional investors collectively own 93.3% of the company.
• Tyler Technologies’ latest quarter showed EPS of $3.08, above estimates, while revenue rose 8.2% year over year to $645.1 million. The company issued fiscal 2026 EPS guidance of $12.95–$13.20.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $456.72, although several firms recently lowered their targets. Separately, COO Jeffrey David Puckett sold 8,500 shares for about $3.0 million.

Legal & General Group Plc bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 188,444 shares of the technology company's stock, valued at approximately $55,112,000. Legal & General Group Plc owned approximately 0.46% of Tyler Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Cerity Partners LLC grew its holdings in shares of Tyler Technologies by 0.6% in the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company's stock valued at $1,754,000 after acquiring an additional 19 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Tyler Technologies by 2.0% during the third 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 during the period. Brown Brothers Harriman & Co. lifted its holdings in Tyler Technologies by 35.5% during the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company's stock worth $54,000 after acquiring an additional 27 shares during the period. Glenmede Investment Management LP boosted 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 worth $322,000 after purchasing an additional 29 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Tyler Technologies by 17.8% in the first quarter. Blue Trust Inc. now owns 199 shares of the technology company's stock worth $68,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

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

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $378.87 on Friday. The stock has a fifty day simple moving average of $316.86 and a two-hundred day simple moving average of $324.04. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. 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 earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period in the previous year, the company posted $2.91 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Analysts anticipate that Tyler Technologies, Inc. will post 10.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TYL shares. TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Zacks Research upgraded Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. UBS Group set a $395.00 price target on shares of Tyler Technologies in a report on Saturday, August 1st. Guggenheim initiated coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a "buy" rating and a $440.00 price target for the company. Finally, BTIG Research decreased their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $456.72.

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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