The Manufacturers Life Insurance Company Invests $6.08 Million in Tyler Technologies, Inc. $TYL

Key Points

• The Manufacturers Life Insurance Company acquired 20,796 Tyler Technologies shares worth approximately $6.08 million, while institutional investors collectively own 93.3% of the company.
• Analysts maintain a generally positive outlook, with Tyler Technologies receiving a “Moderate Buy” consensus rating and an average price target of $456.72. Recent recommendations include buy and strong-buy ratings, despite some target-price reductions.
• Tyler Technologies exceeded quarterly EPS expectations, reporting $3.08 versus a $3.05 consensus estimate, while revenue increased 8.2% year over year to $645.1 million. COO Jeffrey David Puckett separately sold 8,500 shares valued at about $3.03 million.

The Manufacturers Life Insurance Company purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,796 shares of the technology company's stock, valued at approximately $6,082,000. The Manufacturers Life Insurance Company owned about 0.05% of Tyler Technologies at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sone Capital Management LLC acquired a new position in Tyler Technologies in the second quarter worth approximately $5,510,000. Cibc World Market Inc. acquired a new stake in Tyler Technologies in the second quarter valued at approximately $233,000. OMERS ADMINISTRATION Corp acquired a new stake in Tyler Technologies in the second quarter valued at approximately $666,000. Osmosis Investment Management UK Ltd bought a new stake in Tyler Technologies in the second quarter worth approximately $321,000. Finally, Sanctuary Advisors LLC bought a new stake in Tyler Technologies in the second quarter worth approximately $988,000. Institutional investors own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 8,500 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer directly owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TYL shares. Piper Sandler cut their price target on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Zacks Research upgraded shares of Tyler Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a "buy" rating and a $440.00 target price on the stock. Finally, DA Davidson reaffirmed a "buy" rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $373.51 on Tuesday. The firm has a fifty day simple moving average of $318.81 and a 200-day simple moving average of $323.91. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 49.54, a PEG ratio of 2.49 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same period in the prior year, the firm earned $2.91 EPS. Tyler Technologies's quarterly revenue 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. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 10.13 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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