PNC Financial Services Group Inc. Acquires 2,679 Shares of Tyler Technologies, Inc. $TYL

PNC Financial Services Group Inc. boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 21.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,288 shares of the technology company’s stock after buying an additional 2,679 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyler Technologies were worth $5,234,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TYL. Oslo Pensjonsforsikring AS acquired a new position in shares of Tyler Technologies during the first quarter valued at about $112,000. Burling Wealth Partners LLC raised its holdings in shares of Tyler Technologies by 30.1% in the 1st quarter. Burling Wealth Partners LLC now owns 6,080 shares of the technology company’s stock worth $2,082,000 after acquiring an additional 1,405 shares during the last quarter. Madison Asset Management LLC bought a new position in Tyler Technologies in the 1st quarter valued at about $54,880,000. Meeder Advisory Services Inc. lifted its position in Tyler Technologies by 50.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 1,708 shares of the technology company’s stock valued at $585,000 after acquiring an additional 569 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in Tyler Technologies during the 1st quarter valued at about $1,028,000. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TYL. Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. DA Davidson reiterated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Finally, Robert W. Baird set a $455.00 price target on Tyler Technologies in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $464.59.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $315.87 on Tuesday. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $621.34. The firm’s 50-day simple moving average is $303.82 and its 200 day simple moving average is $337.22. The stock has a market cap of $13.32 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.97 and a beta of 0.82.

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 net margin of 13.26% and a return on equity of 10.74%. The firm had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same quarter last year, the business posted $2.78 EPS. The company’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, analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.

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.