Mattern Capital Management LLC Grows Position in Tyler Technologies, Inc. $TYL

Mattern Capital Management LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 133.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,960 shares of the technology company’s stock after buying an additional 2,838 shares during the period. Mattern Capital Management LLC’s holdings in Tyler Technologies were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Salomon & Ludwin LLC grew its stake in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. DV Equities LLC purchased a new position in Tyler Technologies in the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $29,000. Bayban acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC grew its position 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 purchasing an additional 78 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

TYL opened at $314.15 on Tuesday. The stock has a market capitalization of $13.25 billion, a PE ratio of 43.39, a P/E/G ratio of 2.05 and a beta of 0.82. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $621.34. The business’s 50 day moving average price is $306.01 and its 200 day moving average price is $347.67.

Tyler Technologies (NYSE:TYL) last posted its 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 company had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter last year, the firm earned $2.78 earnings per share. The firm’s quarterly 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. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TYL. Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Barclays boosted their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Truist Financial set a $440.00 target price on Tyler Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. cut their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Thirteen analysts have rated the stock with 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 currently has an average rating of “Moderate Buy” and a consensus target price of $472.38.

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.