Public Employees Retirement System of Ohio Buys New Shares in Tyler Technologies, Inc. $TYL

Key Points

• Public Employees Retirement System of Ohio bought 12,159 Tyler Technologies shares during the second quarter, worth approximately $3.56 million. Institutional investors collectively own 93.3% of the company.
• Tyler Technologies reported quarterly EPS of $3.08, exceeding estimates by $0.03, while revenue rose 8.2% year over year to $645.1 million, slightly below consensus expectations.
• The stock opened at $378.79, while analysts maintain a “Moderate Buy” consensus with an average price target of $456.72; meanwhile, COO Jeffrey Puckett sold 8,500 shares for roughly $3.03 million.

Public Employees Retirement System of Ohio purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,159 shares of the technology company's stock, valued at approximately $3,556,000.

A number of other large investors have also recently added to or reduced their stakes in TYL. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter valued at about $38,000. NewEdge Advisors LLC grew its holdings in Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock worth $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP acquired a new position in Tyler Technologies during the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. increased its position in Tyler Technologies by 137.9% during 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 during the last quarter. Finally, American Century Companies Inc. raised its stake in Tyler Technologies by 12.5% in the second 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. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Up 1.0%

Shares of NYSE TYL opened at $378.79 on Friday. The stock has a market capitalization of $15.51 billion, a P/E ratio of 50.24, a PEG ratio of 2.47 and a beta of 0.84. The stock's fifty day moving average is $324.49 and its 200 day moving average is $325.32. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58. 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 for the quarter, beating the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $2.91 EPS. 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 fiscal year.

Insider Activity

In other news, COO Jeffrey Puckett sold 8,500 shares of the company's stock in a transaction that occurred on 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 transaction, the chief operating officer owned 7,784 shares of the company's stock, valued at $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. UBS Group set a $395.00 target price on Tyler Technologies in a research note on Saturday, August 1st. Piper Sandler dropped their price target on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Barclays lifted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Finally, DA Davidson restated a "buy" rating and set a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price 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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