Public Employees Retirement System of Ohio Takes Position in Tyler Technologies, Inc. $TYL

Public Employees Retirement System of Ohio acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, HoldingsChannel.com reports. The fund acquired 12,159 shares of the technology company’s stock, valued at approximately $3,556,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TYL. Corient Private Wealth LP acquired a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $838,000. Palogic Value Management L.P. bought a new position in Tyler Technologies during the second quarter worth $301,000. Bank of America Corp DE acquired a new position in Tyler Technologies in the second quarter valued at $116,831,000. Praesidium Investment Management Company LLC acquired a new stake in Tyler Technologies during the 2nd quarter worth about $19,772,051. Finally, American Capital Management Inc. bought a new position in shares of Tyler Technologies in the 2nd quarter worth about $29,600,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lowered their price objective 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. BTIG Research cut their target price on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Guggenheim assumed coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target for the company. Finally, TD Cowen decreased their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $378.79 on Friday. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58. The stock’s 50 day moving average price is $324.49 and its 200-day moving average price is $325.32. The company has a market capitalization of $15.51 billion, a PE ratio of 50.24, a PEG ratio of 2.47 and a beta of 0.84. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Insider Activity at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction 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 sale, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

About Tyler Technologies

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.