Oarsman Capital Inc. Decreases Stake in Tyler Technologies, Inc. $TYL

Oarsman Capital Inc. lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 79.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 721 shares of the technology company’s stock after selling 2,744 shares during the quarter. Oarsman Capital Inc.’s holdings in Tyler Technologies were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TYL. DV Equities LLC purchased a new position in shares of Tyler Technologies in the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in Tyler Technologies during the 4th quarter valued at $29,000. Bayban bought a new stake in Tyler Technologies in the 4th quarter worth $30,000. Cornerstone Planning Group LLC grew its holdings in Tyler Technologies by 3,900.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Tyler Technologies in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.2%

NYSE:TYL opened at $373.51 on Tuesday. The company has a 50-day moving average price of $318.81 and a 200-day moving average price of $323.91. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 49.54, a P/E/G ratio of 2.49 and a beta of 0.81. The company has a current ratio of 1.55, a quick 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.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during 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%. Tyler Technologies’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TYL shares. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Barclays upped their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $456.72.

Insider Activity

In other news, COO Jeffrey David Puckett sold 8,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.