Wellington Management Group LLP Purchases 119,127 Shares of Tyler Technologies, Inc. $TYL

Wellington Management Group LLP raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 88.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,391 shares of the technology company’s stock after purchasing an additional 119,127 shares during the quarter. Wellington Management Group LLP owned 0.62% of Tyler Technologies worth $74,399,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $1,129,890,000. Norges Bank acquired a new position in shares of Tyler Technologies during the 4th quarter worth about $921,035,000. Bank of America Corp DE bought a new position in shares of Tyler Technologies in the 2nd quarter valued at about $116,831,000. Van ECK Associates Corp grew its holdings in shares of Tyler Technologies by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after acquiring an additional 367,203 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Tyler Technologies in the second quarter valued at about $88,645,000. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TYL. Guggenheim began coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price on the stock. 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 research report on Tuesday, June 23rd. TD Cowen cut their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, DA Davidson restated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $456.72.

Insiders Place Their Bets

In related news, COO Jeffrey David Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the sale, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Down 0.2%

Tyler Technologies stock opened at $375.55 on Thursday. The stock has a 50-day simple moving average of $322.52 and a 200 day simple moving average of $324.79. The stock has a market capitalization of $15.38 billion, a P/E ratio of 49.81, a PEG ratio of 2.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $566.58.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same quarter in the prior year, the company earned $2.91 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current year.

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.