Candriam S.C.A. Raises Holdings in Tyler Technologies, Inc. $TYL

Candriam S.C.A. lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 47.1% during the 1st quarter, HoldingsChannel reports. The firm owned 6,419 shares of the technology company’s stock after acquiring an additional 2,056 shares during the quarter. Candriam S.C.A.’s holdings in Tyler Technologies were worth $2,198,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Tyler Technologies during the fourth quarter valued at approximately $921,035,000. Van ECK Associates Corp increased its stake in Tyler Technologies by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock worth $552,596,000 after acquiring an additional 367,203 shares during the last quarter. Wellington Management Group LLP increased its stake in Tyler Technologies by 72.5% in the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after acquiring an additional 252,488 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $106,740,000. Finally, Two Sigma Investments LP raised its holdings in shares of Tyler Technologies by 189.6% during the 3rd quarter. Two Sigma Investments LP now owns 290,511 shares of the technology company’s stock worth $151,984,000 after acquiring an additional 190,210 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Cantor Fitzgerald upped their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Barclays increased their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, DA Davidson reissued a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Thirteen equities 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $472.38.

Tyler Technologies Stock Performance

NYSE:TYL opened at $301.49 on Wednesday. The firm has a market capitalization of $12.71 billion, a PE ratio of 41.64, a PEG ratio of 2.09 and a beta of 0.82. The stock’s fifty day moving average is $305.48 and its 200 day moving average is $346.54. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same period in the previous year, the firm earned $2.78 earnings per share. Tyler Technologies’s quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

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.