Oppenheimer Asset Management Inc. Buys New Stake in Tyler Technologies, Inc. $TYL

Key Points

• Oppenheimer Asset Management acquired 25,904 Tyler Technologies shares worth approximately $7.6 million, representing 0.06% of the company. Institutional investors collectively own 93.30% of TYL.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $456.72, despite individual target revisions.
• Tyler Technologies reported quarterly EPS of $3.08, slightly above expectations, while revenue rose 8.2% year over year to $645.1 million. Shares opened at $328.81, with a market capitalization of about $13.46 billion.

Oppenheimer Asset Management Inc. bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,904 shares of the technology company's stock, valued at approximately $7,576,000. Oppenheimer Asset Management Inc. owned 0.06% of Tyler Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Capital Management Inc. increased its position in Tyler Technologies by 348.9% in the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company's stock worth $33,876,000 after buying an additional 76,903 shares during the period. Principal Financial Group Inc. boosted its position in shares of Tyler Technologies by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company's stock valued at $660,089,000 after acquiring an additional 43,421 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Tyler Technologies in the first quarter valued at approximately $2,739,000. TimesSquare Capital Management LLC grew its stake in shares of Tyler Technologies by 7.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company's stock worth $50,707,000 after acquiring an additional 7,913 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $921,035,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TYL shares. Cantor Fitzgerald boosted their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Barclays increased their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an "overweight" rating in a report on Wednesday, June 10th. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. Piper Sandler cut their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Finally, Guggenheim assumed coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a "buy" rating and a $440.00 price objective for the company. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $456.72.

Tyler Technologies Stock Down 0.0%

Shares of TYL stock opened at $328.81 on Friday. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $578.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a fifty day moving average price of $305.56 and a 200 day moving average price of $325.81. The stock has a market cap of $13.46 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly 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 net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same quarter in the previous year, the firm posted $2.91 EPS. The business's revenue for the quarter 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 predict that Tyler Technologies, Inc. will post 10.12 earnings per share for the current year.

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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