Cornerstone Advisors LLC Invests $6.53 Million in Tyler Technologies, Inc. $TYL

Cornerstone Advisors LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, HoldingsChannel.com reports. The fund bought 22,334 shares of the technology company’s stock, valued at approximately $6,532,000.

Other hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $29,000. Bayban acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC lifted 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 buying an additional 78 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Piper Sandler reduced their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Barclays upped their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $320.68 on Tuesday. The firm has a market cap of $13.13 billion, a P/E ratio of 42.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $576.91. The business’s 50 day moving average is $305.90 and its 200-day moving average is $324.27.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. The business had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 10.12 earnings per share for the current year.

Tyler Technologies Company 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.