OP Asset Management Ltd Invests $1.44 Million in Tyler Technologies, Inc. $TYL

OP Asset Management Ltd bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,195 shares of the technology company’s stock, valued at approximately $1,436,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. DV Equities LLC acquired a new position in Tyler Technologies in the fourth quarter worth about $27,000. Salomon & Ludwin LLC boosted its holdings in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $30,000. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of several analyst reports. Barclays raised their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. 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. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research note on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Finally, DA Davidson restated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Thirteen investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Trading Down 1.4%

NYSE:TYL opened at $290.41 on Tuesday. The stock has a market capitalization of $12.25 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 1.96 and a beta of 0.83. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $621.34. The firm has a 50 day moving average of $312.17 and a 200-day moving average of $357.77.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. During the same period in the prior year, the company earned $2.78 EPS. Tyler Technologies’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. As a group, analysts forecast that Tyler Technologies, Inc. will post 10.02 EPS for the current fiscal year.

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.