Riverbridge Partners LLC Increases Stock Position in Tyler Technologies, Inc. $TYL

Riverbridge Partners LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256,413 shares of the technology company’s stock after buying an additional 17,673 shares during the period. Tyler Technologies makes up about 2.1% of Riverbridge Partners LLC’s holdings, making the stock its 12th biggest holding. Riverbridge Partners LLC owned 0.60% of Tyler Technologies worth $87,791,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TYL. Advisors Asset Management Inc. purchased a new position in Tyler Technologies in the first quarter valued at approximately $38,000. NewEdge Advisors LLC grew its stake in Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after buying an additional 38 shares during the period. Woodline Partners LP purchased a new stake in Tyler Technologies during the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. increased its position in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Tyler Technologies by 12.5% in the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after acquiring an additional 69 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

Shares of TYL stock opened at $280.33 on Wednesday. The company’s fifty day moving average price is $315.56 and its two-hundred day moving average price is $362.68. The firm has a market capitalization of $11.82 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.83 and a beta of 0.82. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same period last year, the firm earned $2.78 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings lowered Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research note on Friday, May 1st. Cantor Fitzgerald raised their target price on Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $472.38.

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.