Van ECK Associates Corp Acquires 367,203 Shares of Tyler Technologies, Inc. $TYL

Van ECK Associates Corp boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 43.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,217,306 shares of the technology company’s stock after purchasing an additional 367,203 shares during the quarter. Van ECK Associates Corp owned approximately 2.83% of Tyler Technologies worth $552,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Boston Family Office LLC boosted its stake in Tyler Technologies by 9.6% in the 4th quarter. Boston Family Office LLC now owns 4,198 shares of the technology company’s stock worth $1,906,000 after purchasing an additional 369 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tyler Technologies by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 358,115 shares of the technology company’s stock valued at $162,566,000 after acquiring an additional 29,055 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Tyler Technologies by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 139,593 shares of the technology company’s stock valued at $63,368,000 after acquiring an additional 4,125 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Tyler Technologies by 0.7% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 14,113 shares of the technology company’s stock valued at $6,407,000 after acquiring an additional 99 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of Tyler Technologies by 12.1% during the 4th quarter. Korea Investment CORP now owns 26,396 shares of the technology company’s stock valued at $11,982,000 after acquiring an additional 2,842 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Up 0.8%

Shares of TYL opened at $297.95 on Friday. The company has a market cap of $12.56 billion, a PE ratio of 41.15, a P/E/G ratio of 1.97 and a beta of 0.82. The business has a fifty day moving average of $322.10 and a 200 day moving average of $372.20. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results 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 company 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%.Tyler Technologies’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 10.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TYL. DA Davidson reiterated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday. Stifel Nicolaus lowered their target price 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. Oppenheimer lowered their target price on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a research report on Friday, February 13th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $468.87.

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.