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

Freestone Grove Partners LP purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 103,524 shares of the technology company’s stock, valued at approximately $30,277,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Tyler Technologies during the 2nd quarter valued at $1,129,890,000. Norges Bank purchased a new stake in Tyler Technologies in the 4th quarter worth $921,035,000. State Street Corp raised its holdings in Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock valued at $1,019,037,000 after acquiring an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock valued at $857,274,000 after acquiring an additional 44,785 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after acquiring an additional 291,564 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Up 5.0%

Shares of TYL stock opened at $370.37 on Friday. The stock has a market cap of $15.17 billion, a P/E ratio of 49.12, a PEG ratio of 2.32 and a beta of 0.81. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58. 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 fifty 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 data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The firm had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, COO Jeffrey David Puckett sold 8,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Truist Financial set a $440.00 target price on Tyler Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Cantor Fitzgerald upped their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.