Morningstar Investment Management LLC Invests $3.43 Million in Tyler Technologies, Inc. $TYL

Morningstar Investment Management LLC purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 7,554 shares of the technology company’s stock, valued at approximately $3,429,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after acquiring an additional 234,916 shares during the period. State Street Corp boosted its stake 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 valued at $1,019,037,000 after buying an additional 34,178 shares during the period. Principal Financial Group Inc. boosted its stake in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after buying an additional 43,421 shares during the period. Van ECK Associates Corp boosted its stake in Tyler Technologies by 55.1% during the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after buying an additional 301,885 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after buying an additional 252,488 shares during the period. 93.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

TYL has been the subject of several research analyst reports. Barclays lifted their price objective on Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Stifel Nicolaus dropped their price objective on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Citizens Jmp reissued a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, Truist Financial set a $440.00 price objective on Tyler Technologies in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.53.

Tyler Technologies Stock Up 0.1%

NYSE TYL opened at $313.54 on Monday. The stock’s 50-day simple moving average is $332.73 and its two-hundred day simple moving average is $388.26. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 2.11 and a beta of 0.86.

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

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the sale, the director owned 5,298 shares in the company, valued at $1,849,743.72. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $355.40, for a total value of $177,700.00. Following the sale, the director owned 2,871 shares in the company, valued at $1,020,353.40. The trade was a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,298 shares of company stock worth $2,658,721 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.