Centaurus Financial Inc. Invests $4.65 Million in Tyler Technologies, Inc. $TYL

Centaurus Financial Inc. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,889 shares of the technology company’s stock, valued at approximately $4,647,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC raised its position in Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. boosted its position in Tyler Technologies by 2.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock valued at $611,000 after buying an additional 23 shares during the period. Brown Brothers Harriman & Co. boosted its position in Tyler Technologies by 35.5% during the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock valued at $54,000 after buying an additional 27 shares during the period. Glenmede Investment Management LP boosted its position in Tyler Technologies by 4.9% during the third quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock valued at $322,000 after buying an additional 29 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Tyler Technologies by 17.8% during the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after buying an additional 30 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $370.37 on Friday. The stock has a market cap of $15.17 billion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 2.32 and a beta of 0.81. The firm’s fifty day simple moving average is $314.86 and its 200 day simple moving average is $323.65. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $566.58. 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 issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) 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 business had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same period in the previous 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. As a group, research analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TYL. JPMorgan Chase & Co. decreased their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. DA Davidson restated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Barclays raised their price target on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. Finally, Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $456.72.

Insider Activity

In related news, COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.