Heartland Advisors Inc. Makes New $1.56 Million Investment in Tyler Technologies, Inc. $TYL

Heartland Advisors Inc. bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, HoldingsChannel reports. The firm bought 4,562 shares of the technology company’s stock, valued at approximately $1,562,000.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its position in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. DV Equities LLC purchased a new stake in Tyler Technologies during the 4th quarter worth about $27,000. Elyxium Wealth LLC bought a new position in Tyler Technologies in the 4th quarter worth about $29,000. Bayban purchased a new position in Tyler Technologies during the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TYL shares. BTIG Research reiterated a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research report on Tuesday, April 28th. DA Davidson reaffirmed a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Barclays upped their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $472.38.

Tyler Technologies Stock Up 0.2%

NYSE TYL opened at $320.13 on Monday. The stock’s 50-day simple moving average is $304.78 and its two-hundred day simple moving average is $343.43. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 2.12 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same quarter in the previous year, the company posted $2.78 earnings per share. The company’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, equities analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

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.