Goldman Sachs Group Inc. Raises Stake in Tyler Technologies, Inc. $TYL

Goldman Sachs Group Inc. raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 378,937 shares of the technology company’s stock after acquiring an additional 25,859 shares during the period. Goldman Sachs Group Inc.’s holdings in Tyler Technologies were worth $172,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Norges Bank bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $921,035,000. Van ECK Associates Corp lifted its position in Tyler Technologies by 55.1% in the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares during the last quarter. Wellington Management Group LLP lifted its position in Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares during the last quarter. Impax Asset Management Group plc bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $106,740,000. Finally, Vanguard Group Inc. lifted its position in Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.2%

Shares of Tyler Technologies stock opened at $312.62 on Monday. The company has a market cap of $13.18 billion, a PE ratio of 43.18, a P/E/G ratio of 2.10 and a beta of 0.83. The business has a 50 day moving average of $325.74 and a 200 day moving average of $377.37. Tyler Technologies, Inc. has a 52 week low of $283.71 and a 52 week high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The business had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 9.91 earnings per share for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Barclays boosted their price objective on Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen lowered their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Stifel Nicolaus lowered their price objective on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Truist Financial set a $440.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Finally, Oppenheimer decreased their target price on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $468.53.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the transaction, the director owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.