Walleye Capital LLC Raises Stake in Tyler Technologies, Inc. $TYL

Walleye Capital LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 287.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,361 shares of the technology company’s stock after acquiring an additional 3,978 shares during the period. Walleye Capital LLC’s holdings in Tyler Technologies were worth $1,835,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TYL. Norges Bank acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at $921,035,000. Van ECK Associates Corp grew its stake in shares of Tyler Technologies by 43.2% during the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock worth $552,596,000 after purchasing an additional 367,203 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 purchasing an additional 291,564 shares in the last quarter. Wellington Management Group LLP increased its holdings in Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after buying an additional 252,488 shares during the last quarter. Finally, Impax Asset Management Group plc purchased a new position in Tyler Technologies in the fourth quarter valued at $106,740,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TYL shares. Barclays raised their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Cantor Fitzgerald increased their price objective on Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. 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 note on Tuesday, June 23rd. Finally, Guggenheim began coverage on Tyler Technologies in a report on Wednesday. They issued a “buy” rating and a $440.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $470.47.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $288.45 on Friday. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $621.34. The firm has a market capitalization of $12.16 billion, a P/E ratio of 39.84, a P/E/G ratio of 1.89 and a beta of 0.82. The company’s fifty day moving average price is $304.20 and its 200 day moving average price is $339.13.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. During the same quarter last year, the company posted $2.78 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 10.04 EPS for the current year.

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.