PNC Financial Services Group Inc. Acquires 2,679 Shares of Tyler Technologies, Inc. $TYL

PNC Financial Services Group Inc. increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 21.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 15,288 shares of the technology company’s stock after buying an additional 2,679 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyler Technologies were worth $5,234,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TYL. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies during the first quarter worth about $38,000. NewEdge Advisors LLC boosted its stake in Tyler Technologies by 17.8% in the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock valued at $146,000 after acquiring an additional 38 shares during the last quarter. Woodline Partners LP bought a new position in shares of Tyler Technologies during the 1st quarter valued at approximately $2,102,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Tyler Technologies by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Guggenheim began coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. JPMorgan Chase & Co. decreased their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $464.59.

Tyler Technologies Stock Up 6.3%

TYL opened at $315.87 on Tuesday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 1.97 and a beta of 0.82. The firm has a 50-day moving average price of $303.82 and a 200-day moving average price of $337.22. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.08. The company 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

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.