Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Tyler Technologies, Inc. $TYL

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, Holdings Channel reports. The firm purchased 105,947 shares of the technology company’s stock, valued at approximately $30,985,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TYL. Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $921,035,000. State Street Corp boosted its stake in Tyler Technologies by 1.8% in the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock valued at $1,019,037,000 after acquiring an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Tyler Technologies by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after purchasing an additional 44,785 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after purchasing an additional 291,564 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Tyler Technologies by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock worth $556,725,000 after purchasing an additional 13,608 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TYL. TD Cowen decreased their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. DA Davidson reiterated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $456.72.

Tyler Technologies Trading Up 0.4%

NYSE:TYL opened at $348.26 on Friday. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $569.27. The firm has a fifty day simple moving average of $308.32 and a 200-day simple moving average of $323.28. 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 company has a market capitalization of $14.26 billion, a P/E ratio of 46.19, a PEG ratio of 2.29 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period in the previous year, the company earned $2.91 earnings per share. The business’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. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 10.12 earnings per share for the current 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.