Candriam S.C.A. Acquires 2,056 Shares of Tyler Technologies, Inc. $TYL

Candriam S.C.A. raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 47.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,419 shares of the technology company’s stock after acquiring an additional 2,056 shares during the quarter. Candriam S.C.A.’s holdings in Tyler Technologies were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Tyler Technologies Trading Down 4.1%

NYSE:TYL opened at $301.49 on Wednesday. The stock has a 50-day moving average price of $305.48 and a 200 day moving average price of $346.54. The stock has a market capitalization of $12.71 billion, a P/E ratio of 41.64, a P/E/G ratio of 2.09 and a beta of 0.82. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last posted 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 company had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the previous year, the firm earned $2.78 EPS. The firm’s revenue 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, research analysts predict that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of several analyst reports. Cantor Fitzgerald increased their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $472.38.

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.