Equitable Trust Co. Purchases New Position in Tyler Technologies, Inc. $TYL

Equitable Trust Co. acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,618 shares of the technology company’s stock, valued at approximately $554,000.

Several other institutional investors also recently bought and sold shares of TYL. DV Equities LLC purchased a new stake in Tyler Technologies in the fourth quarter worth about $27,000. Salomon & Ludwin LLC increased its position in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Bayban bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $30,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial set a $440.00 price objective on Tyler Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Price Performance

NYSE:TYL traded down $1.24 during mid-day trading on Friday, hitting $309.77. The company’s stock had a trading volume of 354,635 shares, compared to its average volume of 815,753. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $621.34. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.05 and a beta of 0.82. The business’s fifty day moving average is $306.54 and its two-hundred day moving average is $349.52.

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