TimesSquare Capital Management LLC Increases Stake in Tyler Technologies, Inc. $TYL

TimesSquare Capital Management LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.6% during the 4th quarter, HoldingsChannel reports. The fund owned 111,702 shares of the technology company’s stock after acquiring an additional 7,913 shares during the period. TimesSquare Capital Management LLC’s holdings in Tyler Technologies were worth $50,707,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Cerity Partners LLC lifted its holdings in shares of Tyler Technologies by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after acquiring an additional 19 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Tyler Technologies by 2.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after acquiring an additional 23 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Tyler Technologies by 0.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,008 shares of the technology company’s stock worth $1,573,000 after acquiring an additional 25 shares during the period. Signaturefd LLC lifted its holdings in shares of Tyler Technologies by 4.4% during the 4th quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock worth $291,000 after acquiring an additional 27 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Tyler Technologies by 35.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after acquiring an additional 27 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

TYL opened at $320.65 on Tuesday. The firm has a 50 day moving average price of $336.37 and a 200 day moving average price of $392.75. The company has a market cap of $13.52 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.86. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million during 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 was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 9.89 earnings per share for the current year.

Insider Activity

In related news, Director Andrew D. Teed bought 1,600 shares of the stock in a transaction dated Monday, February 23rd. The stock was acquired at an average price of $309.91 per share, for a total transaction of $495,856.00. Following the completion of the purchase, the director owned 5,118 shares in the company, valued at $1,586,119.38. This represents a 45.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $355.40, for a total value of $177,700.00. Following the completion of the sale, the director owned 2,871 shares of the company’s stock, valued at approximately $1,020,353.40. This trade represents a 14.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,298 shares of company stock worth $2,658,721. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TYL. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, May 13th. Citizens Jmp reiterated a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a report on Tuesday, April 28th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. Finally, TD Cowen cut their price objective on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $468.53.

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.