WCM Investment Management LLC Makes New Investment in Tyler Technologies, Inc. $TYL

WCM Investment Management LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,012 shares of the technology company’s stock, valued at approximately $1,028,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TYL. Advisors Asset Management Inc. bought a new position in Tyler Technologies during the first quarter worth about $38,000. NewEdge Advisors LLC increased its holdings in shares of Tyler Technologies by 17.8% in the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after acquiring an additional 38 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Tyler Technologies during the first quarter worth about $2,102,000. Geneos Wealth Management Inc. raised its position in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Tyler Technologies by 12.5% during the second 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 period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Barclays upped their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $420.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $472.38.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $299.88 on Wednesday. The firm has a market cap of $12.65 billion, a PE ratio of 41.42, a P/E/G ratio of 2.11 and a beta of 0.82. The business’s 50 day simple moving average is $304.71 and its 200 day simple moving average is $341.36. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million during the quarter, compared to the consensus estimate 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 was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

About Tyler Technologies

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.