Diversify Advisory Services LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,120 shares of the technology company’s stock, valued at approximately $670,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in shares of Tyler Technologies during the second quarter worth about $643,000. Summit Creek Advisors LLC acquired a new position in Tyler Technologies in the 2nd quarter valued at about $204,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Tyler Technologies in the 2nd quarter valued at about $114,000. Meeder Advisory Services Inc. purchased a new stake in Tyler Technologies during the 2nd quarter valued at approximately $418,000. Finally, Cornerstone Advisors LLC purchased a new stake in Tyler Technologies during the 2nd quarter valued at approximately $6,532,000. 93.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TYL has been the topic of several analyst reports. BTIG Research lowered their target price on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Zacks Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.
Tyler Technologies Stock Performance
NYSE TYL opened at $348.26 on Friday. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 2.29 and a beta of 0.81. The business’s 50 day moving average is $308.32 and its two-hundred day moving average is $323.28. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $569.27. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The firm had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts expect that Tyler Technologies, Inc. will post 10.12 EPS for the current year.
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.
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