Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 105,947 shares of the technology company's stock, valued at approximately $30,985,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.26% of Tyler Technologies as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the first quarter worth about $38,000. NewEdge Advisors LLC increased its stake in Tyler Technologies by 17.8% in the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock worth $146,000 after buying an additional 38 shares during the period. Woodline Partners LP bought a new stake in Tyler Technologies during the 1st quarter valued at about $2,102,000. Geneos Wealth Management Inc. lifted its holdings in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after buying an additional 40 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Tyler Technologies by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company's stock valued at $368,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.
Wall Street Analyst Weigh In
TYL has been the topic of a number of research reports. Citizens Jmp reaffirmed a "market outperform" rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. DA Davidson reissued a "buy" rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Cantor Fitzgerald increased their price objective on Tyler Technologies from $325.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. Finally, TD Cowen lowered their target price on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a report on Monday, July 27th. 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. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.72.
View Our Latest Analysis on TYL
Tyler Technologies Trading Up 0.4%
NYSE:TYL opened at $348.26 on Friday. The firm has a 50-day simple moving average of $308.32 and a 200-day simple moving average of $323.28. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $569.27. The firm has a market cap of $14.26 billion, a P/E ratio of 46.19, a P/E/G ratio of 2.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.
Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts anticipate that Tyler Technologies, Inc. will post 10.12 EPS for the current fiscal year.
Tyler Technologies Profile
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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.
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