Conestoga Capital Advisors LLC Boosts Stake in Tyler Technologies, Inc. $TYL

Conestoga Capital Advisors LLC increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,908 shares of the technology company’s stock after acquiring an additional 7,442 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.27% of Tyler Technologies worth $39,342,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TYL. Norges Bank acquired a new position in shares of Tyler Technologies during the 4th quarter worth $921,035,000. Van ECK Associates Corp lifted its stake in shares of Tyler Technologies by 43.2% in the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after purchasing an additional 367,203 shares during the period. Wellington Management Group LLP lifted its stake in shares of Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares during the period. Impax Asset Management Group plc purchased a new stake in Tyler Technologies during the fourth quarter worth about $106,740,000. Finally, Two Sigma Investments LP boosted its holdings in Tyler Technologies by 189.6% during the third quarter. Two Sigma Investments LP now owns 290,511 shares of the technology company’s stock worth $151,984,000 after buying an additional 190,210 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research analyst reports. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a report on Friday, May 1st. Robert W. Baird set a $455.00 price target on Tyler Technologies in a research note on Friday, May 1st. Cantor Fitzgerald upped their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Barclays raised their price objective on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Trading Up 3.3%

NYSE:TYL opened at $302.16 on Thursday. The company has a market capitalization of $12.74 billion, a P/E ratio of 41.73, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The firm has a 50-day moving average price of $310.31 and a two-hundred day moving average price of $355.55. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 10.02 earnings per share for the current 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.