OP Asset Management Ltd Makes New $1.44 Million Investment in Tyler Technologies, Inc. $TYL

OP Asset Management Ltd acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,195 shares of the technology company’s stock, valued at approximately $1,436,000.

A number of other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in shares of Tyler Technologies by 3.3% during the first quarter. Assenagon Asset Management S.A. now owns 8,098 shares of the technology company’s stock worth $2,773,000 after purchasing an additional 262 shares in the last quarter. Riverbridge Partners LLC increased its holdings in shares of Tyler Technologies by 7.4% in the first quarter. Riverbridge Partners LLC now owns 256,413 shares of the technology company’s stock valued at $87,791,000 after purchasing an additional 17,673 shares in the last quarter. Krilogy Financial LLC bought a new position in Tyler Technologies in the 1st quarter worth approximately $250,000. Paragon Capital Management Inc. raised its position in Tyler Technologies by 29.3% in the 1st quarter. Paragon Capital Management Inc. now owns 3,104 shares of the technology company’s stock worth $1,063,000 after purchasing an additional 704 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in Tyler Technologies during the 1st quarter worth $236,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

TYL opened at $290.41 on Tuesday. The company has a fifty day moving average price of $312.17 and a two-hundred day moving average price of $357.77. The firm has a market capitalization of $12.25 billion, a PE ratio of 40.11, a P/E/G ratio of 1.96 and a beta of 0.83. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $608.66 million. During the same quarter in the prior year, the business posted $2.78 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 10.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TYL. Truist Financial set a $440.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Cantor Fitzgerald boosted their target price on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barclays upped 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. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research report on Friday, May 1st. Finally, BTIG Research reissued a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $472.38.

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.