OMERS ADMINISTRATION Corp Takes $666,000 Position in Tyler Technologies, Inc. $TYL

OMERS ADMINISTRATION Corp purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,277 shares of the technology company’s stock, valued at approximately $666,000.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies during the 1st quarter worth about $38,000. NewEdge Advisors LLC boosted 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 buying an additional 38 shares during the period. Woodline Partners LP purchased a new position in shares of Tyler Technologies in the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. increased its position in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings 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 valued at $368,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TYL. TD Cowen reduced their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Cantor Fitzgerald boosted their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. BTIG Research reduced their target price on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Robert W. Baird set a $455.00 target price on Tyler Technologies in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $456.72.

Tyler Technologies Trading Up 5.0%

Tyler Technologies stock opened at $370.37 on Friday. The company’s fifty day simple moving average is $314.86 and its 200-day simple moving average is $323.65. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 12 month low of $270.71 and a 12 month high of $566.58. The stock has a market cap of $15.17 billion, a P/E ratio of 49.12, a P/E/G ratio of 2.32 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping 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 the consensus estimate of $647.95 million. During the same period in the prior year, the business posted $2.91 earnings per share. Tyler Technologies’s revenue for the quarter 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, sell-side analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, COO Jeffrey David Puckett sold 8,500 shares of the company’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 of the company’s stock, valued at $2,774,528.96. This represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

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.