SG Americas Securities LLC Has $8.19 Million Position in Tyler Technologies, Inc. $TYL

SG Americas Securities LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,906 shares of the technology company’s stock after selling 9,869 shares during the quarter. SG Americas Securities LLC owned 0.06% of Tyler Technologies worth $8,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. Norges Bank acquired a new stake in Tyler Technologies during the fourth quarter valued at approximately $921,035,000. State Street Corp raised its holdings in shares of Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after buying an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Tyler Technologies by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after buying an additional 44,785 shares during the period. Principal Financial Group Inc. lifted its position in shares of Tyler Technologies by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after buying an additional 43,421 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock valued at $556,725,000 after buying an additional 13,608 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 4.9%

Shares of TYL stock opened at $294.82 on Friday. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $621.34. The firm’s 50 day moving average is $313.16 and its 200-day moving average is $359.62. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 1.96 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $608.66 million. During the same quarter last year, the business posted $2.78 earnings per share. Tyler Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 10.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. JPMorgan Chase & Co. cut 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. Cantor Fitzgerald boosted their target price on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. DA Davidson restated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $472.38.

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.