Praesidium Investment Management Company LLC Buys Shares of 67,606 Tyler Technologies, Inc. $TYL

Key Points

• Praesidium Investment Management initiated a position of 67,606 Tyler Technologies shares, valued at approximately $19.8 million, making the stock its fourth-largest holding and representing 9.2% of its portfolio.
• Tyler Technologies reported quarterly EPS of $3.08, slightly beating 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 the stock carrying a “Moderate Buy” consensus rating and an average price target of $456.72. However, COO Jeffrey Puckett sold 8,500 shares, reducing his position by 52.2%.

Praesidium Investment Management Company LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 67,606 shares of the technology company's stock, valued at approximately $19,772,051,000. Tyler Technologies accounts for 9.2% of Praesidium Investment Management Company LLC's holdings, making the stock its 4th biggest holding. Praesidium Investment Management Company LLC owned 0.17% of Tyler Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in Tyler Technologies during the 1st quarter valued at about $38,000. NewEdge Advisors LLC boosted its stake in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock valued at $146,000 after purchasing an additional 38 shares in the last quarter. Woodline Partners LP purchased a new position in Tyler Technologies during the first quarter valued at approximately $2,102,000. Geneos Wealth Management Inc. raised its stake in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock worth $40,000 after buying an additional 40 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company's stock worth $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.

Insider Transactions at Tyler Technologies

In other Tyler Technologies 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 transaction 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. The trade was a 52.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Up 0.9%

TYL stock opened at $353.26 on Thursday. The firm has a 50 day moving average of $313.04 and a 200 day moving average of $323.50. The stock has a market capitalization of $14.47 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 2.30 and a beta of 0.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly 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. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same quarter in the prior year, the business posted $2.91 EPS. Tyler Technologies's revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Sell-side analysts forecast that Tyler Technologies, Inc. will post 10.13 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BTIG Research reduced their price target 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. Cantor Fitzgerald increased their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Zacks Research raised shares of Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $456.72.

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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