Sanctuary Advisors LLC Buys New Shares in Tyler Technologies, Inc. $TYL

Sanctuary Advisors LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,377 shares of the technology company’s stock, valued at approximately $988,000.

Several other large investors have also added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Tyler Technologies during the second quarter worth approximately $200,000. Bank of Nova Scotia acquired a new position in Tyler Technologies in the second quarter valued at approximately $8,682,000. Kirtland Hills Capital Management LLC bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $268,000. Elevation Point Wealth Partners LLC bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $335,000. Finally, Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $6,311,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Up 5.0%

TYL opened at $370.37 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $566.58. The firm has a market capitalization of $15.17 billion, a PE ratio of 49.12, a P/E/G ratio of 2.32 and a beta of 0.81. 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 company’s 50-day moving average is $314.86 and its 200 day moving average is $323.65.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating 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%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, research analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Jeffrey David Puckett sold 8,500 shares of Tyler Technologies stock in a transaction that occurred on 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 transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TYL has been the subject of several research analyst reports. Barclays lifted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. UBS Group set a $395.00 price target on shares of Tyler Technologies in a report on Saturday, August 1st. Piper Sandler decreased their price target on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. BTIG Research dropped their price objective 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. Finally, Guggenheim initiated coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average 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.