Brasada Capital Management LP Makes New Investment in Tyler Technologies, Inc. $TYL

Brasada Capital Management LP purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,977 shares of the technology company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its position in shares of Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 19 shares during the period. Coldstream Capital Management Inc. raised its stake in Tyler Technologies by 2.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after acquiring an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Tyler Technologies by 35.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after acquiring an additional 27 shares during the last quarter. Glenmede Investment Management LP lifted its position in Tyler Technologies by 4.9% during the 3rd quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock worth $322,000 after acquiring an additional 29 shares during the period. Finally, Blue Trust Inc. lifted its position in Tyler Technologies by 17.8% during the 1st quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock worth $68,000 after acquiring an additional 30 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

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

Tyler Technologies (NYSE:TYL) last released 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. The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts expect that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Insider Buying and Selling

In related news, COO Jeffrey David Puckett sold 8,500 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a report on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. JPMorgan Chase & Co. dropped their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. BTIG Research cut their price target on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, TD Cowen reduced their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Two research 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 given a Sell rating to the company. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $456.72.

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.