Here’s Why NZS Capital Sees Tyler Technologies (TYL) as Resilient to AI Concerns

Here’s Why NZS Capital Sees Tyler Technologies (TYL) as Resilient to AI Concerns Soumya Eswaran Mon, June 22, 2026 at 8:49 PM GMT+7 4 min read TYL NZS Capital, LLC, an investment management company, released its “NZS Growth Equity Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The NZS Growth Equity strategy experienced a return of -8.75% (gross) and -8.91% (net) in Q1 2026, underperforming the -3.30% of the Morningstar Global Target Market Exposure Index. This decline was primarily due to weakness in growth stocks and a significant exposure to software. While the materials sector positively impacted absolute returns, the semiconductor sub-sector also showed strong contributions. Major detractors from absolute returns included Information Technology, Financials, and Healthcare. The overall market decline presented the firm with new investment opportunities amid rising uncertainty and inflation expectations. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, NZS Capital highlighted stocks like Tyler Technologies, Inc. (NYSE:TYL). Tyler Technologies, Inc. (NYSE:TYL) is a leading integrated software and technology solutions provider for the public sector in the United States. On June 18, 2026, Tyler Technologies, Inc. (NYSE:TYL) closed at $276.88 per share. One-month return of Tyler Technologies, Inc. (NYSE:TYL) was -11.61%, and its shares lost 51.41% over the past 52 weeks. Tyler Technologies, Inc. (NYSE:TYL) has a market capitalization of $11.39 billion.

NZS Capital stated the following regarding Tyler Technologies, Inc. (NYSE:TYL) in its Q1 2026 investor letter: