Mitsubishi UFJ Asset Management Co. Ltd. Buys 5,190 Shares of Tyler Technologies, Inc. $TYL

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 91,819 shares of the technology company’s stock after purchasing an additional 5,190 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tyler Technologies were worth $40,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Tyler Technologies by 10.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,875 shares of the technology company’s stock valued at $4,937,000 after buying an additional 1,052 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after buying an additional 43,421 shares during the last quarter. FWG Holdings LLC raised its position in shares of Tyler Technologies by 13.1% during the fourth quarter. FWG Holdings LLC now owns 1,454 shares of the technology company’s stock valued at $660,000 after buying an additional 168 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its position in shares of Tyler Technologies by 2.7% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 4,755 shares of the technology company’s stock valued at $2,158,000 after buying an additional 125 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $75,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $324.21 on Friday. The firm has a fifty day moving average price of $342.88 and a 200 day moving average price of $402.69. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $621.34. The firm has a market cap of $13.67 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Tyler Technologies (NYSE:TYL) last posted its 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. The firm had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. Tyler Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 9.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TYL shares. Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. TD Cowen cut their target price on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Oppenheimer cut their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Finally, Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $468.53.

Insider Activity at Tyler Technologies

In other news, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of the company’s stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $325.08 per share, with a total value of $198,298.80. Following the completion of the purchase, the insider directly owned 1,123 shares of the company’s stock, valued at $365,064.84. This represents a 118.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the transaction, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. The trade was a 23.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,298 shares of company stock valued at $2,658,721 over the last three months. Corporate insiders own 1.10% of the company’s stock.

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.