Tyler Technologies, Inc. $TYL Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,882 shares of the technology company’s stock after buying an additional 18,151 shares during the period. Royal Bank of Canada’s holdings in Tyler Technologies were worth $37,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Tyler Technologies in the fourth quarter valued at approximately $921,035,000. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after buying an additional 367,203 shares during the last quarter. Principal Financial Group Inc. raised its stake in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after acquiring an additional 291,564 shares in the last quarter. Wellington Management Group LLP raised its stake in Tyler Technologies by 72.5% during the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after acquiring an additional 252,488 shares in the last quarter. Finally, Impax Asset Management Group plc acquired a new position in Tyler Technologies in the fourth quarter valued at $106,740,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the topic of a number of research analyst reports. Guggenheim initiated coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price on the stock. BTIG Research reduced their price objective on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. DA Davidson restated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Finally, TD Cowen reduced their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $305.18 on Tuesday. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34. The company has a 50-day moving average price of $304.43 and a 200 day moving average price of $332.77. The company has a market cap of $12.50 billion, a P/E ratio of 40.47, a PEG ratio of 2.05 and a beta of 0.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. During the same period last year, the firm earned $2.91 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts predict that Tyler Technologies, Inc. will post 10.06 earnings per share for the current year.

Tyler Technologies 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.