TimesSquare Capital Management LLC Takes $32.27 Million Position in Tyler Technologies, Inc. $TYL

TimesSquare Capital Management LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 110,330 shares of the technology company’s stock, valued at approximately $32,267,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in Tyler Technologies during the fourth quarter valued at $27,000. Salomon & Ludwin LLC raised its position in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after acquiring an additional 61 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Bayban purchased a new stake in shares of Tyler Technologies during the 4th quarter worth about $30,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

TYL stock opened at $320.68 on Tuesday. 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 business has a 50 day simple moving average of $305.90 and a 200-day simple moving average of $324.27. The firm has a market capitalization of $13.13 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $576.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts anticipate that Tyler Technologies, Inc. will post 10.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TYL shares. Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Cantor Fitzgerald increased their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. UBS Group set a $395.00 price objective on Tyler Technologies in a report on Saturday, August 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.