Commerce Bank Takes $2.51 Million Position in Tyler Technologies, Inc. $TYL

Commerce Bank bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,579 shares of the technology company’s stock, valued at approximately $2,509,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DV Equities LLC acquired a new position in Tyler Technologies during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $29,000. Bayban acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $35,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $355.84 on Tuesday. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $566.58. The stock’s 50 day moving average is $310.71 and its 200-day moving average is $323.36. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 47.19, a PEG ratio of 2.31 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.03. The business had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. JPMorgan Chase & Co. decreased their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research report on Tuesday, April 28th. Barclays upped their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. TD Cowen dropped their price objective on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $456.72.

About Tyler Technologies

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.