Man Group plc purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,550 shares of the technology company's stock, valued at approximately $17,708,000. Man Group plc owned approximately 0.15% of Tyler Technologies at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. American Capital Management Inc. increased its stake in shares of Tyler Technologies by 348.9% in the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company's stock worth $33,876,000 after acquiring an additional 76,903 shares during the last quarter. Principal Financial Group Inc. increased its position 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 worth $660,089,000 after purchasing an additional 43,421 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Tyler Technologies during the 1st quarter worth about $2,739,000. TimesSquare Capital Management LLC raised its stake in shares of 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 purchasing an additional 7,913 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at about $921,035,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.
Tyler Technologies Stock Performance
NYSE:TYL opened at $370.37 on Friday. The firm has a market capitalization of $15.17 billion, a PE ratio of 49.12, a PEG ratio of 2.32 and a beta of 0.81. 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's fifty day simple moving average is $314.86 and its 200 day simple moving average is $323.65.
Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.03. The firm 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 business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.13 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. DA Davidson restated a "buy" rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. Guggenheim initiated coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $440.00 price objective for the company. Piper Sandler decreased their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Cantor Fitzgerald raised their target price on Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $456.72.
Get Our Latest Research Report on Tyler Technologies
Insider Buying and Selling at Tyler Technologies
In related news, COO Jeffrey David Puckett sold 8,500 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.
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.
Further Reading
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