American Capital Management Inc. Acquires 76,903 Shares of Tyler Technologies, Inc. $TYL

American Capital Management Inc. raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 348.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 98,942 shares of the technology company’s stock after purchasing an additional 76,903 shares during the period. Tyler Technologies makes up approximately 1.8% of American Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. American Capital Management Inc.’s holdings in Tyler Technologies were worth $33,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the first quarter worth $38,000. NewEdge Advisors LLC lifted its stake in Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock valued at $146,000 after acquiring an additional 38 shares in the last quarter. Woodline Partners LP bought a new position in Tyler Technologies during the 1st quarter valued at $2,102,000. Geneos Wealth Management Inc. boosted its holdings in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Tyler Technologies by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after acquiring an additional 69 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Up 6.3%

Shares of TYL stock opened at $315.87 on Tuesday. The firm has a market cap of $13.32 billion, a P/E ratio of 43.63, a PEG ratio of 1.97 and a beta of 0.82. The company has a 50 day moving average of $303.82 and a 200-day moving average of $337.22. 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 data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $608.66 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. 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, equities analysts expect that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. TD Cowen cut their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday. Barclays upped their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $420.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $464.59.

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.