Tyler Technologies, Inc. $TYL Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in Tyler Technologies, Inc. (NYSE:TYL) by 2,513.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,343 shares of the technology company’s stock after acquiring an additional 33,029 shares during the quarter. Fifth Third Bancorp’s holdings in Tyler Technologies were worth $11,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TYL. Principal Financial Group Inc. raised its holdings in shares of Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after purchasing an additional 43,421 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after purchasing an additional 7,913 shares during the period. Comerica Bank grew its holdings in shares of Tyler Technologies by 67.2% during the 4th quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock worth $13,424,000 after purchasing an additional 11,889 shares during the period. SG Americas Securities LLC increased its position in Tyler Technologies by 127.9% during the 4th quarter. SG Americas Securities LLC now owns 33,775 shares of the technology company’s stock worth $15,332,000 after purchasing an additional 18,952 shares in the last quarter. Finally, UBS Group AG increased its position in Tyler Technologies by 6.0% during the 4th quarter. UBS Group AG now owns 224,644 shares of the technology company’s stock worth $101,977,000 after purchasing an additional 12,673 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 4.1%

Shares of TYL stock opened at $301.49 on Wednesday. The firm has a fifty day simple moving average of $305.48 and a 200-day simple moving average of $346.54. The company has a market capitalization of $12.71 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TYL shares. JPMorgan Chase & Co. reduced their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Barclays raised their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $472.38.

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.