The Manufacturers Life Insurance Company Reduces Stock Holdings in Tyler Technologies, Inc. $TYL

The Manufacturers Life Insurance Company lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 22,609 shares of the technology company’s stock after selling 1,859 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tyler Technologies were worth $7,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Tyler Technologies by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after buying an additional 43,421 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Tyler Technologies by 7.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after acquiring an additional 7,913 shares in the last quarter. Norges Bank purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $921,035,000. Comerica Bank lifted its holdings in 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 acquiring an additional 11,889 shares during the period. Finally, UBS Group AG lifted its holdings in Tyler Technologies by 6.0% in the fourth quarter. UBS Group AG now owns 224,644 shares of the technology company’s stock valued at $101,977,000 after acquiring an additional 12,673 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TYL. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday. Piper Sandler decreased their target price on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Barclays increased their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Price Performance

NYSE:TYL opened at $312.73 on Wednesday. The stock has a 50 day moving average of $304.55 and a two-hundred day moving average of $331.79. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34. The firm has a market cap of $12.81 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 2.03 and a beta of 0.81. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period in the previous year, the company posted $2.91 earnings per share. The business’s 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, analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

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.