Latitude Advisors LLC Has $1.49 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Latitude Advisors LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 28.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,360 shares of the technology company’s stock after selling 1,750 shares during the period. Latitude Advisors LLC’s holdings in Tyler Technologies were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $660,089,000 after acquiring an additional 43,421 shares during the period. Van ECK Associates Corp boosted its position in shares of Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock worth $444,740,000 after acquiring an additional 301,885 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after acquiring an additional 7,913 shares in the last quarter. Comerica Bank increased its stake in Tyler Technologies by 67.2% in the fourth quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock valued at $13,424,000 after acquiring an additional 11,889 shares during the last quarter. Finally, UBS Group AG increased its stake in Tyler Technologies by 6.0% in the fourth quarter. UBS Group AG now owns 224,644 shares of the technology company’s stock valued at $101,977,000 after acquiring an additional 12,673 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TYL. Truist Financial set a $440.00 target price on Tyler Technologies in a research note on Friday, May 1st. BTIG Research reiterated a “buy” rating and issued a $420.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. DA Davidson reissued a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $472.38.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $317.63 on Friday. The company’s 50 day moving average price is $309.26 and its two-hundred day moving average price is $354.32. The firm has a market capitalization of $13.39 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.11 and a beta of 0.82. 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 announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS 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 company had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the prior year, the company earned $2.78 EPS. Tyler Technologies’s 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. On average, analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share 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.