Man Group plc Invests $17.71 Million in Tyler Technologies, Inc. $TYL

Man Group plc acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,550 shares of the technology company’s stock, valued at approximately $17,708,000.

Several other large investors have also recently bought and sold shares of TYL. DV Equities LLC bought a new stake in Tyler Technologies in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies during the fourth quarter valued at about $29,000. Bayban acquired a new position in shares of Tyler Technologies during the fourth quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its stake in shares of Tyler Technologies by 3,900.0% in the fourth 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 during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Tyler Technologies in the second quarter valued at about $35,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyler Technologies news, COO Jeffrey David Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Up 5.0%

NYSE TYL opened at $370.37 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $314.86 and its two-hundred day moving average is $323.65. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 49.12, a PEG ratio of 2.32 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.58.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of several recent research reports. TD Cowen decreased their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. BTIG Research decreased their price target on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $456.72.

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.