Danske Bank A S Makes New Investment in Tyler Technologies, Inc. $TYL

Danske Bank A S bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, Holdings Channel reports. The firm bought 33,789 shares of the technology company’s stock, valued at approximately $9,882,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Tyler Technologies during the second quarter worth $1,129,890,000. Norges Bank acquired a new position in shares of Tyler Technologies in the fourth quarter valued at about $921,035,000. State Street Corp grew its stake in shares of Tyler Technologies by 1.8% in the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock valued at $1,019,037,000 after acquiring an additional 34,178 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after acquiring an additional 44,785 shares during the period. Finally, Principal Financial Group Inc. increased its position in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after acquiring an additional 291,564 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $350.75 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.36 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.81. The company has a 50 day moving average of $309.38 and a 200-day moving average of $323.47. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $566.95.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Piper Sandler dropped their price target 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. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. Citizens Jmp reissued a “market outperform” rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $456.72.

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.