Oarsman Capital Inc. Sells 2,744 Shares of Tyler Technologies, Inc. $TYL

Oarsman Capital Inc. reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 79.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721 shares of the technology company’s stock after selling 2,744 shares during the period. Oarsman Capital Inc.’s holdings in Tyler Technologies were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Quantitative Investment Management LLC grew its holdings in Tyler Technologies by 69.7% in the second quarter. Quantitative Investment Management LLC now owns 8,111 shares of the technology company’s stock worth $2,372,000 after purchasing an additional 3,330 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of Tyler Technologies by 9.8% during the second quarter. Two Sigma Securities LLC now owns 1,183 shares of the technology company’s stock valued at $346,000 after purchasing an additional 106 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tyler Technologies by 13.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock worth $117,211,000 after purchasing an additional 48,832 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Tyler Technologies by 5.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 2,100 shares of the technology company’s stock worth $614,000 after purchasing an additional 100 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its stake in shares of Tyler Technologies by 6.6% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,270 shares of the technology company’s stock worth $371,000 after buying an additional 79 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.2%

NYSE:TYL opened at $373.51 on Tuesday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 49.54, a PEG ratio of 2.49 and a beta of 0.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average price is $318.81 and its 200-day moving average price is $323.91. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TYL. Guggenheim assumed coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective for the company. Piper Sandler dropped their target price on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. TD Cowen cut their target price on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.