Rakuten Investment Management Inc. Purchases New Holdings in Tyler Technologies, Inc. $TYL

Rakuten Investment Management Inc. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,122 shares of the technology company’s stock, valued at approximately $11,050,000.

Several other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Tyler Technologies by 33.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,121 shares of the technology company’s stock valued at $16,281,000 after purchasing an additional 7,742 shares during the period. Americana Partners LLC increased its holdings in Tyler Technologies by 40.4% in the 3rd quarter. Americana Partners LLC now owns 699 shares of the technology company’s stock valued at $366,000 after buying an additional 201 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $28,000. Arkadios Wealth Advisors raised its stake in shares of Tyler Technologies by 9.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,628 shares of the technology company’s stock valued at $1,898,000 after buying an additional 323 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Tyler Technologies by 181.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,434 shares of the technology company’s stock worth $730,000 after acquiring an additional 925 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of several recent research reports. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. DA Davidson dropped their target price on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Finally, Robert W. Baird set a $660.00 price objective on Tyler Technologies in a report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $617.57.

Tyler Technologies Price Performance

TYL stock opened at $434.20 on Thursday. The business has a fifty day moving average price of $455.89 and a 200 day moving average price of $509.11. Tyler Technologies, Inc. has a fifty-two week low of $427.65 and a fifty-two week high of $661.31. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 60.39, a P/E/G ratio of 2.89 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The company had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the prior year, the business earned $2.52 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the sale, the chief financial officer directly owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,500 shares of company stock worth $1,605,605. Insiders own 1.10% of the company’s stock.

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.