Evolve Private Wealth LLC Buys New Stake in Tyler Technologies, Inc. $TYL

Evolve Private Wealth LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,524 shares of the technology company’s stock, valued at approximately $446,000.

Other large investors also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $29,000. Bayban purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $30,000. Cornerstone Planning Group LLC lifted its stake in 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 in the last quarter. Finally, MV Capital Management Inc. acquired a new position in Tyler Technologies during the 4th quarter worth about $37,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $349.82 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The stock’s 50-day moving average is $311.74 and its two-hundred day moving average is $323.41. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Guggenheim started coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price for the company. Cantor Fitzgerald boosted their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. TD Cowen reduced their price target 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. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler dropped their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.