Tyler Technologies, Inc. $TYL Stake Boosted by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 34.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,233 shares of the technology company’s stock after acquiring an additional 3,395 shares during the period. ProShare Advisors LLC’s holdings in Tyler Technologies were worth $6,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TYL. Salomon & Ludwin LLC boosted its position in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tyler Technologies during the third quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies during the fourth quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its position in shares of Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TYL has been the subject of several analyst reports. Citizens Jmp reiterated a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research report on Tuesday, April 28th. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a research report on Friday, February 13th. Oppenheimer reduced their price objective on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. BTIG Research reduced their price objective on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Truist Financial set a $440.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $468.53.

Insider Buying and Selling

In related news, Director Andrew D. Teed purchased 1,600 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were bought at an average price of $309.91 per share, with a total value of $495,856.00. Following the completion of the acquisition, the director owned 5,118 shares of the company’s stock, valued at approximately $1,586,119.38. This represents a 45.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey David Puckett sold 5,174 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the transaction, the chief operating officer directly owned 7,754 shares in the company, valued at $2,868,437.22. This represents a 40.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,298 shares of company stock worth $2,658,721 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $313.54 on Friday. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 2.08 and a beta of 0.86. Tyler Technologies, Inc. has a 1-year low of $283.71 and a 1-year high of $621.34. The business has a 50 day moving average price of $332.73 and a two-hundred day moving average price of $388.81.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities analysts expect that Tyler Technologies, Inc. will post 9.89 EPS 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.