WCM Investment Management LLC Buys New Shares in Tyler Technologies, Inc. $TYL

WCM Investment Management LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 1st quarter, Holdings Channel reports. The institutional investor bought 3,012 shares of the technology company’s stock, valued at approximately $1,028,000.

Several other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in Tyler Technologies in the first quarter valued at approximately $38,000. NewEdge Advisors LLC raised its stake in shares of Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $2,102,000. Geneos Wealth Management Inc. boosted its holdings in shares of Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Tyler Technologies by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock valued at $368,000 after buying an additional 69 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research note on Friday, May 1st. Finally, Truist Financial set a $440.00 target price on shares of Tyler Technologies in a report 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. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $472.38.

Tyler Technologies Trading Down 5.7%

TYL stock opened at $299.88 on Wednesday. The firm has a market capitalization of $12.65 billion, a PE ratio of 41.42, a PEG ratio of 2.11 and a beta of 0.82. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $621.34. The business’s 50 day simple moving average is $304.71 and its 200 day simple moving average is $341.36.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter in the prior year, the business earned $2.78 EPS. The firm’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, sell-side analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal 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.