Does Tyler Technologies (TYL) Have a Long Runway for Sales Growth?

Does Tyler Technologies (TYL) Have a Long Runway for Sales Growth? Soumya Eswaran Tue, June 30, 2026 at 8:39 PM GMT+7 3 min read TYL Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the "Madison Mid Cap Fund". The Madison Mid Cap Fund (Class I) declined 4.28% in the quarter, compared to the Russell Midcap Index's 1.29% return. A copy of the letter can be downloaded here. The first quarter saw a market shift from tech stocks to companies in the physical economy driven by a better economic outlook and AI disruption fears. This transition favored the 'HALO trade' (Heavy Assets, Low Obsolescence), benefiting resilient businesses. In March, geopolitical conflicts and rising commodity prices heightened inflation concerns, leading to strong performance in Energy and Materials sectors, while Utilities also gained. This trend posed challenges for the Madison Mid Cap Fund due to its limited exposure to these sectors. In this environment, the fund identifies opportunities in high-quality, underappreciated businesses and is actively investing in them. Please review the Fund's top five holdings to gain insights into its key selections for 2026.

In its first-quarter 2026 investor letter, Madison Mid Cap Fund highlighted 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 29, 2026, Tyler Technologies, Inc. (NYSE:TYL) closed at $290.75 per share. One-month return of Tyler Technologies, Inc. (NYSE:TYL) was -7.27%, and its shares lost 50.72% over the past 52 weeks. Tyler Technologies, Inc. (NYSE:TYL) has a market capitalization of $11.96 billion.

Madison Mid Cap Fund stated the following regarding Tyler Technologies, Inc. (NYSE:TYL) in its Q1 2026 investor letter: