Freestone Grove Partners LP Makes New Investment in Tyler Technologies, Inc. $TYL

Freestone Grove Partners LP bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 103,524 shares of the technology company’s stock, valued at approximately $30,277,000. Freestone Grove Partners LP owned 0.25% of Tyler Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TYL. Cerity Partners LLC raised its holdings in shares of Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after purchasing an additional 27 shares during the last quarter. Glenmede Investment Management LP grew its position in Tyler Technologies by 4.9% in the 3rd quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock worth $322,000 after purchasing an additional 29 shares during the period. Finally, Blue Trust Inc. grew its position in Tyler Technologies by 17.8% in the 1st quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock worth $68,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 5.0%

TYL opened at $370.37 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58. The company has a market capitalization of $15.17 billion, a PE ratio of 49.12, a PEG ratio of 2.32 and a beta of 0.81. The firm’s 50 day simple moving average is $314.86 and its two-hundred day simple moving average is $323.65.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.03. The business had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Insiders Place Their Bets

In related news, COO Jeffrey David Puckett sold 8,500 shares of Tyler Technologies stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald increased their price target on Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Piper Sandler cut their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lowered their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $456.72.

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.