Tyler Technologies, Inc. $TYL Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 256,413 shares of the technology company’s stock after buying an additional 17,673 shares during the period. Tyler Technologies comprises approximately 2.1% of Riverbridge Partners LLC’s holdings, making the stock its 12th largest position. Riverbridge Partners LLC’s holdings in Tyler Technologies were worth $87,791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new position in shares of Tyler Technologies during the 4th quarter valued at $27,000. Salomon & Ludwin LLC boosted its stake in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the fourth quarter worth about $29,000. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the first quarter worth about $38,000. Finally, Bayban bought a new stake in Tyler Technologies in the fourth quarter worth about $30,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. DA Davidson reiterated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. BTIG Research reissued a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Barclays boosted their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $472.38.

Tyler Technologies Price Performance

TYL stock opened at $280.33 on Wednesday. The firm has a market capitalization of $11.82 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.83 and a beta of 0.82. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $621.34. The company’s 50 day simple moving average is $315.56 and its 200-day simple moving average is $362.68.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS 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 analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company’s 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. Sell-side analysts predict that Tyler Technologies, Inc. will post 10.01 EPS for the current fiscal 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.