Principal Financial Group Inc. Has $597.68 Million Holdings in Tyler Technologies, Inc. $TYL

Principal Financial Group Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,745,625 shares of the technology company’s stock after acquiring an additional 291,564 shares during the quarter. Principal Financial Group Inc.’s holdings in Tyler Technologies were worth $597,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Diversify Wealth Management LLC increased its position in Tyler Technologies by 63.0% during the first quarter. Diversify Wealth Management LLC now owns 2,064 shares of the technology company’s stock worth $735,000 after acquiring an additional 798 shares during the period. Fifth Third Bancorp boosted its holdings in Tyler Technologies by 2,513.6% in the 1st quarter. Fifth Third Bancorp now owns 34,343 shares of the technology company’s stock valued at $11,758,000 after purchasing an additional 33,029 shares during the period. Candriam S.C.A. grew its position in Tyler Technologies by 47.1% in the 1st quarter. Candriam S.C.A. now owns 6,419 shares of the technology company’s stock worth $2,198,000 after purchasing an additional 2,056 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Tyler Technologies by 95.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,035 shares of the technology company’s stock worth $1,039,000 after purchasing an additional 1,480 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Tyler Technologies by 68.2% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 35,389 shares of the technology company’s stock worth $12,116,000 after purchasing an additional 14,350 shares during the period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

TYL opened at $314.15 on Tuesday. The firm’s 50-day simple moving average is $306.01 and its 200-day simple moving average is $347.67. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 43.39, a PEG ratio of 2.05 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last announced 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. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter last year, the company posted $2.78 EPS. The firm’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, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TYL. JPMorgan Chase & Co. cut their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. DA Davidson reissued a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Cantor Fitzgerald boosted their price target on Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Truist Financial set a $440.00 price target on Tyler Technologies in a report on Friday, May 1st. Finally, Barclays raised their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $472.38.

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.