Centaurus Financial Inc. Takes Position in Tyler Technologies, Inc. $TYL

Centaurus Financial Inc. purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,889 shares of the technology company’s stock, valued at approximately $4,647,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. BlackRock Inc. bought a new position in Tyler Technologies in the second quarter worth $1,129,890,000. Norges Bank bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $921,035,000. State Street Corp grew its position in shares of Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after buying an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after buying an additional 44,785 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Tyler Technologies by 20.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after buying an additional 291,564 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey David Puckett sold 8,500 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TYL shares. UBS Group set a $395.00 price target on shares of Tyler Technologies in a research report on Saturday, August 1st. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Finally, Barclays boosted their price target on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $456.72.

Tyler Technologies Stock Up 5.0%

TYL stock opened at $370.37 on Friday. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58. The business has a fifty day moving average price of $314.86 and a 200-day moving average price of $323.65. 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 stock has a market capitalization of $15.17 billion, a P/E ratio of 49.12, a P/E/G ratio of 2.32 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 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 company had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $647.95 million. During the same period last year, the firm posted $2.91 earnings per share. Tyler Technologies’s 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. Equities analysts forecast that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

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.