Tyler Technologies, Inc. $TYL Shares Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 133.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,960 shares of the technology company’s stock after purchasing an additional 2,838 shares during the quarter. Mattern Capital Management LLC’s holdings in Tyler Technologies were worth $1,698,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in 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 worth $660,089,000 after purchasing an additional 43,421 shares during the period. TimesSquare Capital Management LLC lifted its position in shares of Tyler Technologies by 7.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after purchasing an additional 7,913 shares in the last quarter. Comerica Bank boosted its stake in shares of Tyler Technologies by 67.2% in the fourth quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock valued at $13,424,000 after purchasing an additional 11,889 shares during the period. SG Americas Securities LLC boosted its stake in shares of Tyler Technologies by 127.9% in the fourth quarter. SG Americas Securities LLC now owns 33,775 shares of the technology company’s stock valued at $15,332,000 after purchasing an additional 18,952 shares during the period. Finally, Norges Bank acquired a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE:TYL opened at $314.15 on Tuesday. The stock has a 50-day simple moving average of $306.01 and a 200-day simple moving average of $347.67. The stock has a market cap of $13.25 billion, a P/E ratio of 43.39, a P/E/G ratio of 2.05 and a beta of 0.82. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.66 million. During the same quarter in the prior year, the business posted $2.78 EPS. The business’s revenue for the quarter 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, equities research analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald increased their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research note on Friday, May 1st. Truist Financial set a $440.00 target price on Tyler Technologies in a report on Friday, May 1st. Finally, 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. Thirteen 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.