Tyler Technologies, Inc. $TYL Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 112.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,752 shares of the technology company’s stock after acquiring an additional 1,982 shares during the quarter. Praxis Investment Management Inc.’s holdings in Tyler Technologies were worth $1,703,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Tyler Technologies in the 3rd quarter worth about $28,000. Salomon & Ludwin LLC boosted its holdings in Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 1st quarter worth about $38,000. Geneos Wealth Management Inc. boosted its holdings in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Tyler Technologies by 3,900.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $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.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TYL shares. Wells Fargo & Company lowered their price objective on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. TD Cowen lowered their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $320.32 on Thursday. The stock has a market cap of $13.51 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.21 and a beta of 0.86. The stock’s 50 day simple moving average is $342.75 and its 200-day simple moving average is $403.92. Tyler Technologies, Inc. has a 1-year low of $283.71 and a 1-year high of $621.34.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.08. The business had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, research analysts expect that Tyler Technologies, Inc. will post 9.89 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, Director Andrew D. Teed bought 1,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of $309.91 per share, for a total transaction of $495,856.00. Following the acquisition, the director directly owned 5,118 shares in the company, valued at approximately $1,586,119.38. This trade represents a 45.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of the stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $325.08 per share, for a total transaction of $198,298.80. Following the completion of the acquisition, the insider owned 1,123 shares in the company, valued at approximately $365,064.84. The trade was a 118.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 7,298 shares of company stock worth $2,658,721. 1.10% of the stock is owned by company insiders.

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.