Guardian Wealth Advisors LLC NC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,520 shares of the technology company’s stock, valued at approximately $445,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. BlackRock Inc. acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $1,129,890,000. Norges Bank acquired a new stake in Tyler Technologies during the 4th quarter worth $921,035,000. State Street Corp lifted its holdings in Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after acquiring an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after acquiring an additional 44,785 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after acquiring an additional 291,564 shares during the period. 93.30% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CEO H Lynn Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $372.79, for a total value of $3,448,307.50. Following the completion of the transaction, the chief executive officer owned 100,392 shares of the company’s stock, valued at approximately $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the sale, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
Tyler Technologies Stock Down 0.2%
TYL stock opened at $363.48 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 stock has a market capitalization of $14.88 billion, a P/E ratio of 48.21, a P/E/G ratio of 2.40 and a beta of 0.84. The business has a 50-day moving average of $327.32 and a 200-day moving average of $326.10. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $566.58.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million during 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%.Tyler Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, sell-side analysts anticipate 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.
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