Praesidium Investment Management Company LLC Acquires New Stake in Tyler Technologies, Inc. $TYL

Praesidium Investment Management Company LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,606 shares of the technology company’s stock, valued at approximately $19,772,051. Tyler Technologies makes up 0.0% of Praesidium Investment Management Company LLC’s portfolio, making the stock its 4th biggest position. Praesidium Investment Management Company LLC owned about 0.17% of Tyler Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Tyler Technologies during the second quarter worth about $1,129,890,000. Norges Bank bought a new stake in Tyler Technologies during the fourth quarter worth $921,035,000. Van ECK Associates Corp lifted its holdings in shares of Tyler Technologies by 43.2% during the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock worth $552,596,000 after acquiring an additional 367,203 shares during the last quarter. Deutsche Bank AG purchased a new position in Tyler Technologies during the 2nd quarter valued at about $88,645,000. Finally, Principal Financial Group Inc. increased its holdings in Tyler Technologies by 20.1% in the 1st 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 in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 2.4%

Shares of TYL stock traded up $8.99 during trading hours on Friday, hitting $378.87. 1,105,335 shares of the company were exchanged, compared to its average volume of 726,766. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The business’s 50-day simple moving average is $314.86 and its two-hundred day simple moving average is $323.65. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $566.58. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 50.25, a P/E/G ratio of 2.32 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TYL shares. TD Cowen dropped their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Barclays upped their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. BTIG Research dropped their target price on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Finally, Piper Sandler cut their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Two research 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $456.72.

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.