Wealthfront Advisers LLC Purchases New Stake in Tyler Technologies, Inc. $TYL

Wealthfront Advisers LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,197 shares of the technology company’s stock, valued at approximately $643,000.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 19 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after purchasing an additional 27 shares during the last quarter. Glenmede Investment Management LP increased its holdings in Tyler Technologies by 4.9% during the 3rd quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock valued at $322,000 after purchasing an additional 29 shares during the period. Finally, Blue Trust Inc. increased its holdings in Tyler Technologies by 17.8% during the 1st quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares during the period. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Guggenheim initiated coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price on the stock. Piper Sandler decreased their target price on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Zacks Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, BTIG Research cut their price target on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $456.72.

Tyler Technologies Stock Up 0.7%

TYL stock opened at $350.75 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $566.95. The business’s 50 day moving average price is $309.38 and its two-hundred day moving average price is $323.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.03. The firm had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, analysts forecast that Tyler Technologies, Inc. will post 10.12 earnings per share for the current fiscal year.

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.