TimesSquare Capital Management LLC Invests $32.27 Million in Tyler Technologies, Inc. $TYL

Key Points

• TimesSquare Capital Management initiated a $32.27 million position in Tyler Technologies, buying 110,330 shares, while institutional investors collectively own 93.3% of the company.
• Tyler Technologies’ latest quarterly results slightly exceeded EPS expectations at $3.08, while revenue rose 8.2% year over year to $645.1 million, just below analyst estimates.
• The stock was trading at $320.68 after declining 2.4%. Analysts maintain a “Moderate Buy” consensus, with an average price target of $456.72 despite several recent target reductions.

TimesSquare Capital Management LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,330 shares of the technology company's stock, valued at approximately $32,267,000. TimesSquare Capital Management LLC owned approximately 0.27% of Tyler Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Capital Management Inc. lifted its stake in shares of Tyler Technologies by 348.9% during the first 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. grew its holdings in shares of Tyler Technologies by 3.1% during 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 buying an additional 43,421 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $2,739,000. Norges Bank acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $921,035,000. Finally, UBS Group AG raised its stake in Tyler Technologies by 6.0% in the 4th quarter. UBS Group AG now owns 224,644 shares of the technology company's stock worth $101,977,000 after acquiring an additional 12,673 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 2.4%

NYSE TYL opened at $320.68 on Tuesday. The company has a market capitalization of $13.13 billion, a PE ratio of 42.53, a P/E/G ratio of 2.17 and a beta of 0.81. The company has a fifty day moving average of $305.90 and a 200 day moving average of $324.27. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $576.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS 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 analyst estimates of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 10.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TYL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Piper Sandler cut their price objective on Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Barclays lifted their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, June 10th. Finally, Zacks Research upgraded Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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