Praxis Investment Management Inc. Boosts Stake in Tyler Technologies, Inc. $TYL

Praxis Investment Management Inc. boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 112.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,752 shares of the technology company’s stock after buying an additional 1,982 shares during the period. Praxis Investment Management Inc.’s holdings in Tyler Technologies were worth $1,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the last quarter. State Street Corp lifted its holdings in shares of Tyler Technologies by 1.8% during the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock valued at $1,019,037,000 after purchasing an additional 34,178 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after purchasing an additional 43,421 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Tyler Technologies by 72.5% during the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the transaction, the director owned 5,298 shares in the company, valued at $1,849,743.72. This trade represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of Tyler Technologies stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $325.08 per share, with a total value of $198,298.80. Following the purchase, the insider directly owned 1,123 shares in the company, valued at $365,064.84. The trade was a 118.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 7,298 shares of company stock worth $2,658,721 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $320.32 on Thursday. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. The business has a fifty day moving average of $342.75 and a 200 day moving average of $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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 9.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TYL shares. TD Cowen decreased their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 3rd. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a report on Friday, February 13th. Oppenheimer decreased their price objective on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Finally, Robert W. Baird set a $455.00 price objective on Tyler Technologies in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $468.53.

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.