Madison Asset Management LLC Makes New $54.88 Million Investment in Tyler Technologies, Inc. $TYL

Madison Asset Management LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 160,289 shares of the technology company’s stock, valued at approximately $54,880,000.

A number of other hedge funds also recently made changes to their positions in the company. Meeder Advisory Services Inc. boosted its stake in shares of Tyler Technologies by 50.0% in the first quarter. Meeder Advisory Services Inc. now owns 1,708 shares of the technology company’s stock valued at $585,000 after purchasing an additional 569 shares during the period. WCM Investment Management LLC purchased a new stake in Tyler Technologies during the 1st quarter worth $1,028,000. Parallel Advisors LLC lifted its holdings in Tyler Technologies by 33.7% in the 1st quarter. Parallel Advisors LLC now owns 667 shares of the technology company’s stock worth $229,000 after buying an additional 168 shares in the last quarter. KBC Group NV lifted its holdings in Tyler Technologies by 2.2% in the 1st quarter. KBC Group NV now owns 10,362 shares of the technology company’s stock worth $3,547,000 after buying an additional 226 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in Tyler Technologies in the 1st quarter valued at about $28,778,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $318.21 on Tuesday. The firm has a fifty day moving average of $304.90 and a two-hundred day moving average of $342.44. The firm has a market cap of $13.42 billion, a P/E ratio of 43.95, a P/E/G ratio of 2.12 and a beta of 0.82. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $621.34.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TYL. Robert W. Baird set a $455.00 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 issued a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Barclays raised their price objective on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $472.38.

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.