Janney Montgomery Scott LLC Increases Stake in Tyler Technologies, Inc. $TYL

Janney Montgomery Scott LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 24.8% during the first quarter, Holdings Channel reports. The institutional investor owned 10,957 shares of the technology company’s stock after buying an additional 2,178 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Tyler Technologies were worth $3,751,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Tyler Technologies in the fourth quarter worth approximately $921,035,000. State Street Corp grew its holdings in Tyler Technologies by 1.8% during the 3rd 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. increased its position in shares of Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock valued at $857,274,000 after purchasing an additional 44,785 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after purchasing an additional 43,421 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock valued at $556,725,000 after purchasing an additional 13,608 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Cantor Fitzgerald lifted their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Truist Financial set a $440.00 price objective on Tyler Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Finally, BTIG Research restated a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $7.68 during midday trading on Tuesday, hitting $326.69. 43,565 shares of the company’s stock were exchanged, compared to its average volume of 703,771. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The firm’s 50 day simple moving average is $308.93 and its 200 day simple moving average is $352.75. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter in the previous year, the firm posted $2.78 EPS. The firm’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 research analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

Tyler Technologies 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.