Tyler Technologies, Inc. $TYL Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Tyler Technologies stake by 29,674.6% in the second quarter, acquiring more than 19 million shares and holding approximately 46.74% of the company. Institutional investors and hedge funds collectively own 93.3% of TYL.
• Tyler Technologies reported quarterly EPS of $3.08, narrowly beating the $3.05 consensus estimate, while revenue rose 8.2% year over year to $645.1 million. The stock opened at $342.27, with a market capitalization of about $14.02 billion.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $456.72, although several firms recently lowered their targets. CEO H. Lynn Moore Jr. and COO Jeffrey Puckett also sold shares in August.

California State Teachers Retirement System raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 29,674.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,141,507 shares of the technology company's stock after acquiring an additional 19,077,219 shares during the period. California State Teachers Retirement System owned approximately 46.74% of Tyler Technologies worth $5,598,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TYL. BlackRock Inc. acquired a new position in Tyler Technologies during the second quarter valued at approximately $1,129,890,000. Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $921,035,000. State Street Corp raised its stake in shares of Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company's stock valued at $1,019,037,000 after acquiring an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company's stock valued at $857,274,000 after acquiring an additional 44,785 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock valued at $597,681,000 after acquiring an additional 291,564 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 1.6%

TYL stock opened at $342.27 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $329.22 and a 200-day simple moving average of $326.48. The company has a market capitalization of $14.02 billion, a P/E ratio of 45.39, a PEG ratio of 2.29 and a beta of 0.84. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $558.49.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted 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 analysts' expectations of $647.95 million. During the same period in the prior year, the company posted $2.91 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the completion of the transaction, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Puckett sold 8,500 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent research reports. BTIG Research reduced their price objective on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their target price on Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Guggenheim initiated 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. Zacks Research lowered Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Tyler Technologies in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $456.72.

Tyler Technologies 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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