TYL Tyler Technologies, Inc. Common Stock

NYSE · Technology · View on SEC EDGAR ↗
$346.23
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026

About Tyler Technologies, Inc. Common Stock Company overview from Wikipedia

Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

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Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

History

Tyler Technologies was founded by Joseph F. McKinney in 1966 as Saturn Industries after buying three government companies from Ling-Temco-Vought. In 1968, the company acquired Tyler Pipe, a manufacturer of iron pipes, which eventually became the company's main source of annual revenue. Tyler Pipe was later renamed Tyler Corporation as a result of its success. In 1969, Saturn Industries was listed on the New York Stock Exchange. In 1970, the company changed its name to Tyler Corporation. Tyler Corporation entered the government software market in 1998. Tyler Corporation changed its name to Tyler Technologies in 1999.

Acquisitions

Products

The company's public sector software includes eight categories: appraisal and tax software and services, integrated software for courts and justice agencies, data and insights services, enterprise financial software systems, planning/regulatory/maintenance software, public safety software, records/document management software, and transportation software for schools.

Controversies

In 2014, people in Marion County, Indiana sued claiming they had been wrongfully jailed. In 2016, public defenders in Alameda County, California found dozens of people wrongfully arrested or wrongfully jailed after switching to Tyler’s Odyssey Case Manager software. An October 2021 report from Lubbock County, Texas, cited problems with Tyler Technologies software there as well as in numerous other jurisdictions. In 2021, a $4.9 million federal class action lawsuit was being settled with the county paying $2.45 million and Tyler $816,668. In December 2020, the District Clerk of Wichita Falls, Texas, said they were still experiencing problems they had had since they implemented Tyler Technologies Odyssey Case Manager in July 2019, almost 1.5 years earlier. In December 2021, everythingLubbock.com reported that four months after Lubbock County, Texas, switched their court records to Tyler Technologies software, a trial attorney said, “The rollout of this Tyler system has been an absolute debacle".

In November 2016, Washington County, Pennsylvania, paid Tyler Technologies $1.6 million over their original contract amount of $6.96 million, including paying Tyler Technologies personnel to testify as expert witnesses in county court responding to property owners' complaints.

In 2021, Tyler Technologies paid $3 million to settle a federal class action lawsuit claiming that it had required some employees to work overtime and had not paid them for that time.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

TYL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$346.23
Market Cap
$16.67B
P/E (TTM)
48.1
EPS (TTM)
$7.20
Revenue (TTM)
$2.33B
Div Yield
ROE
8.6%
Debt/Equity
52W Range
$271 – $576

TYL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.33B
10-point trend, +206.9%
2016-12-31 2025-12-31
EPS $7.20
10-point trend, +146.6%
2016-12-31 2025-12-31
Free Cash Flow $638M
9-point trend, +313.6%
2016-12-31 2025-12-31
Margins 13.5%
9-point trend, -1.1%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TYL
Peer Median
P/E (TTM)
5-point trend, -55.2%
48.1
50.3
P/S (TTM)
2-point trend, -27.8%
7.1
8.5
P/B
2-point trend, -28.0%
4.5
5.9
Price / FCF
2-point trend, -25.4%
26.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TYL
Peer Median
Gross Margin
5-point trend, -4.4%
46.5%
74.9%
Operating Margin
5-point trend, -1.0%
15.3%
Net Profit Margin
5-point trend, -22.5%
13.5%
13.6%
ROA
5-point trend, -28.2%
5.8%
6.6%
ROE
5-point trend, -14.3%
8.6%
11.0%
ROIC
5-point trend, -19.4%
7.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TYL
Peer Median
Current Ratio
5-point trend, -46.8%
1.1
1.2
Quick Ratio
5-point trend, -47.3%
1.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TYL
Peer Median
Revenue YoY
5-point trend, +46.5%
9.1%
Revenue CAGR 3Y
5-point trend, +46.5%
8.0%
Revenue CAGR 5Y
5-point trend, +46.5%
15.9%
EPS YoY
5-point trend, +88.5%
19.0%
Net Income YoY
5-point trend, +95.5%
20.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TYL
Peer Median
EPS (Diluted)
5-point trend, +88.5%
$7.20

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TYL
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Jan. 31, 1990$0.0067
Nov. 2, 1989$0.0067
April 26, 1989$0.0050
Feb. 1, 1989$0.0050
Nov. 3, 1988$0.0050
Aug. 22, 1988$3.3333
Aug. 9, 1988$0.0367
April 27, 1988$0.0367
Feb. 3, 1988$0.0367
Oct. 29, 1987$0.0367
July 29, 1987$0.0333
April 29, 1987$0.0333
Feb. 4, 1987$0.0333

TYL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 28 analysts
  • Strong Buy 10 35.7%
  • Buy 13 46.4%
  • Hold 5 17.9%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

22 analysts · 2026-08-17
Median target $427.50 +23.5%
Mean target $426.64 +23.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.06%
Period EPS Actual EPS Est Surprise
June 30, 2026 $3.08 $3.09 -0.01%
March 31, 2026 $3.09 $3.04 0.06%
Dec. 31, 2025 $2.64 $2.75 -0.11%
Sept. 30, 2025 $2.97 $2.88 0.09%
June 30, 2025 $2.91 $2.80 0.11%
March 31, 2025 $2.78 $2.58 0.20%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
TYL $21.86B 63.0 9.1% 13.5% 8.6% 46.5%
PTC $24.27B 33.4 19.2% 26.8% 20.3% 83.8%
GWRE $19.12B 279.3 22.6% 5.8% 5.1% 62.5%
DT $10.90B 68.5 18.8% 8.1% 6.0% 81.6%
FIG $19.17B -10.1 41.0% -118.4% -85.1% 82.4%
TRMB $18.49B 44.5 -2.6% 11.8% 7.4% 69.1%
AUR
MANH $10.37B 48.1 3.8% 20.3% 74.1%
DOCU $10.45B 35.7 8.2% 9.6% 15.8% 79.4%
HUBS $21.09B 466.6 19.2% 1.5% 2.2% 83.8%
BMNR $10M 3.3 84.1% 5719.1% 8.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +373.0% $2.33B $2.14B $1.95B $1.85B $1.59B $1.12B $1.09B $935M $841M $760M $591M $493M
Cost of Revenue 12-point trend, +380.7% $1.25B $1.20B $1.09B $1.07B $883M $574M $570M $496M $442M $401M $314M $260M
Gross Profit 12-point trend, +364.4% $1.08B $936M $861M $784M $710M $543M $517M $440M $399M $359M $277M $233M
SG&A Expense 12-point trend, +192.3% $316M $301M $309M $267M $272M $161M $258M $208M $176M $165M $133M $108M
Operating Income 12-point trend, +277.2% $358M $300M $219M $214M $181M $173M $156M $152M $163M $138M $108M $95M
Other Non-op 12-point trend, +10702.0% $38M $15M $3M $2M $2M $3M $5M $3M $698.0K $-2M $381.0K $-355.0K
Pretax Income 12-point trend, +313.2% $390M $308M $198M $188M $159M $175M $160M $156M $163M $136M $108M $94M
Income Tax 12-point trend, +110.3% $75M $45M $32M $23M $-2M $-20M $13M $8M $-6M $22M $44M $36M
Net Income 12-point trend, +435.5% $316M $263M $166M $164M $161M $195M $147M $147M $170M $114M $65M $59M
EPS (Basic) 12-point trend, +308.9% $7.32 $6.17 $3.95 $3.95 $3.95 $4.87 $3.79 $3.84 $4.55 $3.12 $1.90 $1.79
EPS (Diluted) 12-point trend, +333.7% $7.20 $6.05 $3.88 $3.87 $3.82 $4.69 $3.65 $3.68 $4.32 $2.92 $1.77 $1.66
Shares (Basic) 12-point trend, +30.5% 43,095,000 42,611,000 42,024,000 41,544,000 40,848,000 40,035,000 38,640,000 38,445,000 37,273,000 36,448,000 34,137,000 33,011,000
Shares (Diluted) 12-point trend, +23.8% 43,812,000 43,497,000 42,769,000 42,399,000 42,244,000 41,526,000 40,105,000 40,123,000 39,246,000 38,961,000 36,552,000 35,401,000
EBITDA 11-point trend, +353.3% $496M $443M · $373M $316M $255M $233M $214M $215M $182M $128M $109M
Balance Sheet 29
Annual Balance Sheet data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +392.5% $1.02B $745M $165M $174M $309M $604M $233M $134M $186M $36M $33M $206M
Short-term Investments 11-point trend, +509.4% $82M $23M $10M $37M $52M $72M $39M $44M $43M $20M $13M ·
Receivables 12-point trend, +467.0% $639M $588M $620M $577M $521M $382M $374M $299M $246M $200M $176M $113M
Prepaid Expense 12-point trend, +318.7% $75M $65M $55M $51M $56M $31M $25M $33M $32M $21M $22M $18M
Other Current Assets 12-point trend, +2675.2% $9M $8M $10M $8M $8M $2M $2M $3M $2M $2M $2M $339.0K
Current Assets 12-point trend, +447.1% $1.84B $1.44B $861M $847M $964M $1.11B $680M $519M $521M $283M $268M $337M
PP&E (Net) 12-point trend, +143.3% $160M $164M $170M $173M $181M $168M $172M $155M $152M $124M $101M $66M
PP&E (Gross) 12-point trend, +214.7% $331M $338M $348M $344M $323M $306M $284M $245M $224M $181M $144M $105M
Accum. Depreciation 12-point trend, +334.6% $171M $174M $179M $171M $141M $138M $113M $89M $72M $57M $43M $39M
Goodwill 12-point trend, +1986.3% $2.59B $2.53B $2.53B $2.49B $2.36B $838M $840M $754M $658M $650M $654M $124M
Intangibles 12-point trend, +2147.6% $780M $832M $929M $1.00B $1.05B $322M $379M $277M $230M $267M $295M $35M
Other Non-current Assets 8-point trend, +12600.0% $94M $86M $63M $50M $46M $34M $37M · · · · $737.0K
Total Assets 12-point trend, +889.6% $5.64B $5.18B $4.68B $4.69B $4.73B $2.61B $2.19B $1.79B $1.61B $1.38B $1.36B $570M
Accounts Payable 12-point trend, +4140.2% $175M $157M $146M $105M $120M $14M $15M $7M $8M $7M $7M $4M
Accrued Liabilities 12-point trend, +382.7% $191M $198M $159M $132M $158M $83M $75M $66M $65M $56M $49M $40M
Current Liabilities 12-point trend, +653.9% $1.76B $1.07B $1.00B $890M $830M $564M $509M $424M $371M $362M $338M $233M
Capital Leases 8-point trend, +33347000.00 $33M $31M $40M $48M $36M $16M $17M $0 · · · ·
Deferred Tax 12-point trend, +2179.7% $95M $48M $79M $149M $228M $41M $48M $42M $47M $69M $91M $4M
Other Non-current Liabilities 6-point trend, +31276000.00 $31M $27M $23M $17M $3M $0 · · · · · ·
Total Liabilities 6-point trend, +211.7% $1.94B $1.79B $1.74B $2.06B $2.41B $621M · · · · · ·
Long-term Debt 5-point trend, -55.3% $600M $598M $646M $987M $1.34B · · · · · · ·
Total Debt 3-point trend, -20.1% · $598M · $987M $749M · · · · · · ·
Common Stock Flat — no change across 12 periods $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K $481.0K
Retained Earnings 12-point trend, +735.7% $2.18B $1.87B $1.60B $1.44B $1.27B $1.11B $917M $772M $624M $436M $326M $261M
Treasury Stock 12-point trend, -23.6% $96M $18M $21M $23M $26M $32M $40M $179M $60M $77M $75M $126M
AOCI 12-point trend, +76.1% $-11.0K $-157.0K $-326.0K $-844.0K $-46.0K $-46.0K $-46.0K $-46.0K $-46.0K $-46.0K $-46.0K $-46.0K
Stockholders' Equity 12-point trend, +998.8% $3.70B $3.39B $2.94B $2.62B $2.32B $1.99B $1.62B $1.32B $1.19B $935M $874M $337M
Liabilities + Equity 12-point trend, +889.6% $5.64B $5.18B $4.68B $4.69B $4.73B $2.61B $2.19B $1.79B $1.61B $1.36B $1.36B $570M
Shares Outstanding 11-point trend, +0.0% 48,147,969 48,148,000 48,148,000 48,148,000 48,148,000 48,148,000 48,147,969 48,147,969 48,147,969 48,147,969 48,147,969 ·
Cash Flow 14
Annual Cash Flow data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +847.3% $138M $143M $154M $159M $136M $82M $77M $62M $53M $50M $20M $15M
Stock-based Comp 12-point trend, +920.8% $151M $123M $108M $103M $105M $67M $60M $53M $37M $30M $20M $15M
Deferred Tax 12-point trend, +1252.8% $44M $-31M $-74M $-87M $-13M $-8M $-6M $-5M $-34M $-26M $-8M $-4M
Amort. of Intangibles 12-point trend, +1371.9% $94M $97M $111M $114M $91M $54M $52M $40M $36M $36M $10M $6M
Other Non-cash 11-point trend, -88.5% $4M $126M · $42M $-17M $19M $-22M $-7M $-30M $31M $-8M $39M
Operating Cash Flow 12-point trend, +357.5% $654M $625M $380M $381M $372M $355M $255M $250M $196M $192M $134M $143M
CapEx 12-point trend, +71.4% $16M $21M $21M $23M $34M $23M $37M $27M $43M $38M $13M $9M
Investing Cash Flow 11-point trend, +44.2% $-222M $-68M $-77M $-173M $-2.09B $-98M $-245M $-238M $-85M $-51M $-398M ·
Stock Repurchased 12-point trend, +665.4% $175M $0 $0 $0 $13M $15M $18M $147M $7M $112M $645.0K $23M
Net Stock Activity 10-point trend, -665.4% $-175M · · $0 $-13M $-15M $-18M $-147M $-7M $-112M $-645.0K $-23M
Financing Cash Flow 11-point trend, -276.1% $-160M $22M $-312M $-344M $1.42B $114M $89M $-64M $39M $-138M $91M ·
Net Change in Cash 12-point trend, +112.6% $271M $579M $-8M $-135M $-294M $371M $98M $-52M $150M $3M $-173M $127M
Taxes Paid 12-point trend, +299.6% $41M $84M $143M $38M $2M $3M $21M $7M $36M $30M $27M $10M
Free Cash Flow 11-point trend, +458.8% $638M $604M · $359M $338M $332M $217M $223M $153M $154M $77M $114M
Profitability 8
Annual Profitability data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 11-point trend, -1.8% 46.5% 43.8% · 42.4% 44.6% 48.6% 47.6% 47.0% 47.5% 47.0% 46.9% 47.3%
Operating Margin 11-point trend, -20.2% 15.3% 14.0% · 11.6% 11.3% 15.5% 14.4% 16.3% 19.1% 17.4% 18.3% 19.2%
Net Margin 11-point trend, +13.2% 13.5% 12.3% · 8.9% 10.1% 17.4% 13.5% 15.8% 19.5% 14.5% 11.0% 11.9%
Pretax Margin 11-point trend, -12.6% 16.7% 14.4% · 10.1% 10.0% 15.7% 14.7% 16.7% 19.2% 17.1% 18.4% 19.2%
EBITDA Margin 11-point trend, -4.1% 21.3% 20.7% · 20.2% 19.9% 22.8% 21.4% 22.9% 25.6% 24.0% 21.6% 22.2%
ROA 11-point trend, -49.6% 5.8% 5.3% · 3.5% 4.4% 8.1% 7.4% 8.7% 11.1% 8.1% 6.7% 11.6%
ROE 11-point trend, -57.4% 8.6% 7.9% · 6.3% 7.1% 10.0% 9.3% 10.7% 15.6% 12.3% 10.8% 20.2%
ROIC 11-point trend, -55.5% 7.8% 6.4% · 5.2% 6.0% 9.7% 8.9% 10.9% 14.0% 12.2% 7.5% 17.6%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -29.5% 1.1 1.4 · 1.0 1.2 2.0 1.3 1.2 1.3 0.8 0.8 1.5
Quick Ratio 11-point trend, -27.8% 1.0 1.3 · 0.9 1.1 1.9 1.3 1.1 1.2 0.7 0.7 1.4
Debt / Equity 3-point trend, -45.2% · 0.2 · 0.4 0.3 · · · · · · ·
LT Debt / Equity 3-point trend, -42.9% · 0.2 · 0.4 0.3 · · · · · · ·
Efficiency 2
Annual Efficiency data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -55.5% 0.4 0.4 · 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 1.0
Receivables Turnover 11-point trend, -15.4% 3.8 3.5 · 3.4 3.5 3.0 3.2 3.4 3.9 4.0 4.1 4.5
Per Share 5
Annual Per Share data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 2-point trend, +9.3% $76.90 $70.38 · · · · · · · · · ·
Revenue / Share 11-point trend, +282.2% $53.24 $49.15 · $43.64 $37.69 $26.89 $27.09 $23.31 $21.42 $19.41 $16.17 $13.93
Cash Flow / Share 11-point trend, +327.8% $14.92 $14.36 · $9.00 $8.80 $8.55 $6.35 $6.24 $4.99 $4.92 $2.44 $3.49
Cash / Share 2-point trend, +36.3% $21.09 $15.47 · · · · · · · · · ·
EPS (TTM) 12-point trend, +333.7% $7.20 $6.05 $3.88 $3.87 $3.82 $4.69 $3.65 $3.68 $4.32 $2.92 $1.77 $1.66
Growth Rates 9
Annual Growth Rates data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -78.6% 9.1% 9.5% 5.5% 16.2% 42.6% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -60.8% 8.0% 10.3% 20.5% · · · · · · · · ·
Revenue CAGR 5Y 15.9% · · · · · · · · · · ·
EPS YoY 5-point trend, +202.5% 19.0% 55.9% 0.26% 1.3% -18.6% · · · · · · ·
EPS CAGR 3Y 3-point trend, +475.7% 23.0% 16.6% -6.1% · · · · · · · · ·
EPS CAGR 5Y 8.9% · · · · · · · · · · ·
Net Income YoY 5-point trend, +216.8% 20.0% 58.5% 1.0% 1.7% -17.1% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +566.8% 24.3% 17.7% -5.2% · · · · · · · · ·
Net Income CAGR 5Y 10.1% · · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for TYL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +373.0% $2.33B $2.14B $1.95B $1.85B $1.59B $1.12B $1.09B $935M $841M $760M $591M $493M
Net Income TTM 12-point trend, +435.5% $316M $263M $166M $164M $161M $195M $147M $147M $170M $114M $65M $59M
Market Cap 2-point trend, -21.3% $21.86B $27.76B · · · · · · · · · ·
Enterprise Value · $27.59B · · · · · · · · · ·
P/E 12-point trend, -4.4% 63.0 95.3 107.8 83.3 140.8 93.1 82.2 50.5 41.0 48.9 98.5 65.9
P/S 2-point trend, -27.8% 9.4 13.0 · · · · · · · · · ·
P/B 2-point trend, -28.0% 5.9 8.2 · · · · · · · · · ·
P / Tangible Book 2-point trend, -94.1% 65.8 1119.4 · · · · · · · · · ·
P / Cash Flow 2-point trend, -24.8% 33.4 44.4 · · · · · · · · · ·
P / FCF 2-point trend, -25.4% 34.3 46.0 · · · · · · · · · ·
EV / EBITDA · 62.3 · · · · · · · · · ·
EV / FCF · 45.7 · · · · · · · · · ·
EV / Revenue · 12.9 · · · · · · · · · ·
Earnings Yield 12-point trend, +4.6% 1.6% 1.1% 0.93% 1.2% 0.71% 1.1% 1.2% 2.0% 2.4% 2.1% 1.0% 1.5%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.33B$2.14B$1.95B$1.85B$1.59B
Gross Margin % 46.5%43.8%42.4%44.6%
Operating Margin % 15.3%14.0%11.6%11.3%
Net Income $316M$263M$166M$164M$161M
Diluted EPS $7.20$6.05$3.88$3.87$3.82
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.20.40.3
Current Ratio 1.11.41.01.2
Quick Ratio 1.01.30.91.1
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $638M$604M$359M$338M

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Institutional owners (13F) 830 filers · $7.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
110 (-19 vs prior Q) 109 (-40 vs prior Q) 227 (-81 vs prior Q) 308 (+70 vs prior Q) +2.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $806,155,754 2,756,465 10.59% Shares
NORGES BANK $781,554,311 2,672,346 10.26% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $618,827,520 2,115,939 8.13% Shares
STATE STREET CORP $596,595,003 2,039,920 7.83% Shares
GEODE CAPITAL MANAGEMENT, LLC $311,901,762 1,064,683 4.10% Shares
VAN ECK ASSOCIATES CORP $249,975,798 854,735 3.28% Shares
Artisan Partners Limited Partnership $206,074,661 704,625 2.71% Shares
RGM Capital, LLC $138,474,270 305,043 1.82% Shares
NEUBERGER BERMAN GROUP LLC $133,337,819 455,918 1.75% Shares
Local Pensions Partnership Investment Ltd $130,823,964 447,292 1.72% Shares
APG Asset Management N.V. $107,740,545 421,185 1.41% Shares
Balyasny Asset Management L.P. $94,784,824 324,095 1.24% Shares
CITADEL ADVISORS LLC $92,939,109 317,784 1.22% Shares
Holocene Advisors, LP $78,674,080 269,008 1.03% Shares
RIVERBRIDGE PARTNERS LLC $73,530,767 251,422 0.97% Shares
Tensile Capital Management LP $71,665,276 245,043 0.94% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $70,518,540 241,122 0.93% Shares
VANGUARD FIDUCIARY TRUST CO $69,217,093 236,672 0.91% Shares
AMERIPRISE FINANCIAL INC $67,736,661 231,610 0.89% Shares
WELLINGTON MANAGEMENT GROUP LLP $63,908,067 218,519 0.84% Shares
Mizuho Markets Cayman LP $57,408,728 196,296 0.75% Shares
Hudson Way Capital Management LLC $53,676,646 183,535 0.70% Shares
LOOMIS SAYLES & CO L P $53,639,504 183,408 0.70% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $51,659,000 176,637 0.68% Shares
Seilern Investment Management Ltd $50,645,883 173,172 0.67% Shares
DIMENSIONAL FUND ADVISORS LP $48,242,955 164,956 0.63% Shares
NZS Capital, LLC $47,733,566 163,214 0.63% Shares
EULAV Asset Management $46,817,582 160,082 0.61% Shares
GOLDMAN SACHS GROUP INC $45,454,718 155,422 0.60% Shares
Stephens Investment Management Group LLC $44,829,439 153,284 0.59% Shares
TD Asset Management Inc $43,743,242 149,570 0.57% Shares
GENEVA CAPITAL MANAGEMENT LLC $43,029,792 147,131 0.57% Shares
BLAIR WILLIAM & CO/IL $42,928,546 146,784 0.56% Shares
Impax Asset Management Group plc $41,860,385 143,132 0.55% Shares
Madison Asset Management, LLC $40,559,508 138,684 0.53% Shares
BNP PARIBAS FINANCIAL MARKETS $39,798,834 136,083 0.52% Shares
ENVESTNET ASSET MANAGEMENT INC $39,080,081 133,625 0.51% Shares
TimesSquare Capital Management, LLC $37,678,234 110,048 0.49% Shares
Swiss National Bank $35,001,613 119,680 0.46% Shares
Quantum Capital Management, LLC / NJ $31,064,224 106,217 0.41% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $30,985,260 105,947 0.41% Shares
Freestone Grove Partners LP $30,276,629 103,524 0.40% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $29,755,173 101,741 0.39% Shares
AMERICAN CAPITAL MANAGEMENT INC $29,599,877 101,210 0.39% Shares
RHUMBLINE ADVISERS $29,536,016 100,992 0.39% Shares
Sumitomo Mitsui Trust Group, Inc. $29,341,634 100,327 0.39% Shares
PRINCIPAL FINANCIAL GROUP INC $28,790,190 98,407 0.38% Shares
Conestoga Capital Advisors, LLC $27,496,504 94,018 0.36% Shares
Fenimore Asset Management Inc $26,856,017 91,828 0.35% Shares
Vanguard Global Advisers, LLC $26,650,710 91,126 0.35% Shares
BlackRock, Inc. $25,009,717 85,515 0.33% Shares
VANGUARD ASSET MANAGEMENT, Ltd $24,972,574 85,388 0.33% Shares
BANK OF AMERICA CORP /DE/ $23,552,681 80,533 0.31% Shares
Fiera Capital Corp $23,405,574 80,030 0.31% Shares
Gotham Asset Management, LLC $22,712,151 77,659 0.30% Shares
TRAN CAPITAL MANAGEMENT, L.P. $22,648,687 77,442 0.30% Shares
TWO SIGMA INVESTMENTS, LP $22,530,826 77,039 0.30% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $22,010,925 64,288 0.29% Shares
California Public Employees Retirement System $21,468,026 73,405 0.28% Shares
NEW YORK STATE COMMON RETIREMENT FUND $20,867,898 71,353 0.27% Shares
BOSTON FINANCIAL MANGEMENT LLC $20,851,303 36,160 0.27% Shares
DF DENT & CO INC $20,707,455 70,804 0.27% Shares
Kodai Capital Management LP $20,061,443 34,506 0.26% Shares
Praesidium Investment Management Company, LLC $19,772,051 67,606 0.26% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $19,565,574 66,900 0.26% Call option
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $19,079,798 65,239 0.25% Shares
JONES FINANCIAL COMPANIES LLLP $18,934,042 64,314 0.25% Shares
RENAISSANCE TECHNOLOGIES LLC $18,436,678 63,040 0.24% Shares
Thematics Asset Management $18,399,537 35,170 0.24% Shares
Long Path Partners LP $18,320,279 62,642 0.24% Shares
Assenagon Asset Management S.A. $18,018,461 61,610 0.24% Shares
Capital Investment Services of America, Inc. $17,272,688 59,060 0.23% Shares
ALLIANCEBERNSTEIN L.P. $17,000,537 49,654 0.22% Shares
Distillate Capital Partners LLC $16,706,193 57,123 0.22% Shares
MARSHALL WACE, LLP $16,678,117 57,027 0.22% Shares
Pictet Asset Management Holding SA $15,989,665 54,673 0.21% Shares
BARCLAYS PLC $15,641,052 53,481 0.21% Shares
USS Investment Management Ltd $15,521,621 53,069 0.20% Shares
GENERAL AMERICAN INVESTORS CO INC $15,114,625 51,681 0.20% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $15,088,889 51,593 0.20% Shares
GAMCO INVESTORS, INC. ET AL $15,015,774 51,343 0.20% Shares
Avalon Trust Co $15,011,387 51,328 0.20% Shares
HM PAYSON & CO $14,881,535 50,884 0.20% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $14,068,203 48,103 0.18% Shares
Quantinno Capital Management LP $13,667,783 46,733 0.18% Shares
Empire Life Investments Inc. $13,322,430 45,553 0.17% Shares
Legal & General Group Plc $13,232,062 45,244 0.17% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $12,692,764 43,400 0.17% Put option
STIFEL FINANCIAL CORP $12,462,344 42,612 0.16% Shares
ExodusPoint Capital Management, LP $11,985,596 40,982 0.16% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $11,909,264 40,721 0.16% Shares
Baird Financial Group, Inc. $11,897,858 40,682 0.16% Shares
RAYMOND JAMES FINANCIAL INC $11,769,760 40,244 0.15% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $11,585,465 39,532 0.15% Shares
CITADEL ADVISORS LLC $11,522,924 39,400 0.15% Call option
AVIVA PLC $11,284,277 38,584 0.15% Shares
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND $11,271,409 38,540 0.15% Shares
D. E. Shaw & Co., Inc. $11,267,314 38,526 0.15% Shares
Clarkston Capital Partners, LLC $11,247,427 38,458 0.15% Shares
BROWN CAPITAL MANAGEMENT LLC $11,121,669 38,028 0.15% Shares

Company insiders 23 insiders · 2 officers · 2 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Brian K Miller Executive VP and CFO June 15, 2026 G 25,305 0 3 $-1,376,240
Jeffrey David Puckett Chief Operating Officer June 30, 2026 A 7,784 0 5 $-1,914,021
J. Luther King, Jr. Director May 12, 2021 M 102,832 0 0 $0
Benjamin T Morris Director Dec. 23, 2003 G 22,500 0 0 $0
Andrew D. Teed May 6, 2026 M 5,570 1 0 $495,856
Ronnie D. Hawkins Jr. May 6, 2026 M 2,971 0 0 $0
Daniel M Pope May 6, 2026 M 3,323 0 1 $-177,700
Brenda A Cline May 6, 2026 M 2,971 0 0 $0
Glenn A Carter May 6, 2026 M 5,750 0 3 $-1,200,093
Margot Lebenberg Carter May 6, 2026 M 970 0 0 $0
Abigail Marshall Diaz-Pedrosa March 1, 2026 A 4,437 1 0 $198,299
Lynn H Moore JR March 1, 2026 A 100,392 0 0 $0
John S Marr JR March 1, 2026 M 9,342 0 11 $-4,603,614
Dustin R Womble April 29, 2024 G 6,422 0 0 $0
Mary L. Landrieu June 14, 2023 S 1,786 0 0 $0
BRATTAIN DONALD R May 12, 2021 M 1,903 0 0 $0
Larry D Leinweber Dec. 15, 2017 S 943,668 0 0 $0
John M Yeaman Feb. 21, 2017 M 315,063 0 0 $0
Bruce Graham Dec. 1, 2015 A 0 0 $0
Michael D Richards June 13, 2014 M 50,000 0 0 $0
Stuart G Reeves June 6, 2014 M 27,000 0 0 $0
Glenn A Smith July 26, 2005 A 427,571 0 0 $0
Theodore L Bathurst July 15, 2005 P 38,145 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 8 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Larry D. Leinweber Nov. 25, 2015 Initial filing M&A / sale SEC
Undisclosed reporting person May 30, 2003 Initial filing Passive investment SEC
Undisclosed reporting person Nov. 5, 2002 Initial filing Passive investment SEC
Undisclosed reporting person Aug. 28, 2002 Initial filing Passive investment SEC
Undisclosed reporting person July 10, 2002 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person May 24, 2002 Initial filing Passive investment SEC
Undisclosed reporting person Nov. 29, 2001 Initial filing Passive investment SEC
Undisclosed reporting person March 19, 2001 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 146 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
TMFM · RBB Fund, Inc. 3.93% 14,665 NS May 31, 2026 N-PORT
DAT · ProShares Trust 3.31% 587 NS May 31, 2026 N-PORT
NBSM · Neuberger Berman ETF Trust 1.26% 9,102 NS May 31, 2026 N-PORT
PSET · Principal Exchange-Traded Funds 0.85% 838 NS June 30, 2026 N-PORT
CVAR · ETF Opportunities Trust 0.75% 857 NS April 30, 2026 N-PORT
TMFX · RBB Fund, Inc. 0.66% 672 NS May 31, 2026 N-PORT
COWG · Pacer Funds Trust 0.48% 30,460 NS April 30, 2026 N-PORT
ESLG · Strategy Shares 0.47% 270 NS April 30, 2026 N-PORT
NULG · Nushares ETF Trust 0.31% 23,869 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 0.30% 119 NS April 30, 2026 N-PORT
ESUM · Strategy Shares 0.28% 1,276 NS April 30, 2026 N-PORT
FXL · First Trust Exchange-Traded AlphaDE… 0.27% 11,794 NS April 30, 2026 N-PORT
NUMV · Nushares ETF Trust 0.20% 2,537 NS April 30, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.18% 2,347 NS April 30, 2026 N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.17% 36,404 NS April 30, 2026 N-PORT
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 2,588 NS April 30, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.10% 54,850 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.09% 25,754 NS May 31, 2026 N-PORT
EGLE · Global X Funds 0.08% 5 NS April 30, 2026 N-PORT
FLCC · Federated Hermes ETF Trust 0.08% 318 NS May 31, 2026 N-PORT
PALC · Pacer Funds Trust 0.08% 544 NS April 30, 2026 N-PORT
RILA · Spinnaker ETF Series 0.08% 99 NS April 30, 2026 N-PORT
TECL · Direxion Shares ETF Trust 0.08% 10,536 NS April 30, 2026 N-PORT
FLCG · Federated Hermes ETF Trust 0.06% 1,123 NS May 31, 2026 N-PORT
GXPT · Global X Funds 0.06% 193 NS May 31, 2026 N-PORT
TYLG · Global X Funds 0.06% 22 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.06% 480 NS May 29, 2026 N-PORT
VEGN · ETF Series Solutions 0.05% 239 NS April 30, 2026 N-PORT
SCHG · SCHWAB STRATEGIC TRUST 0.05% 90,508 NS May 31, 2026 N-PORT
ROM · ProShares Trust 0.05% 2,007 NS May 31, 2026 N-PORT
SPXD · DBX ETF Trust 0.05% 10 NS May 31, 2026 N-PORT
GGUS · Goldman Sachs ETF Trust 0.04% 634 NS May 31, 2026 N-PORT
SPTE · SP Funds Trust 0.04% 174 NS April 30, 2026 N-PORT
HLAL · Listed Funds Trust 0.04% 1,088 NS May 31, 2026 N-PORT
XMAG · Tidal Trust II 0.03% 150 NS May 31, 2026 N-PORT
CSM · ProShares Trust 0.03% 536 NS May 31, 2026 N-PORT
GLBL · Pacer Funds Trust 0.03% 1 NS April 30, 2026 N-PORT
SPUS · Tidal Trust I 0.03% 2,730 NS May 31, 2026 N-PORT
CHRI · Global X Funds 0.03% 4 NS April 30, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.03% 109 NS April 30, 2026 N-PORT
XYLD · Global X Funds 0.03% 2,275 NS April 30, 2026 N-PORT
CATH · Global X Funds 0.02% 886 NS April 30, 2026 N-PORT
XYLG · Global X Funds 0.02% 46 NS April 30, 2026 N-PORT
SPXN · ProShares Trust 0.02% 60 NS May 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.02% 2,231 NS April 30, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.02% 5,414 NS April 30, 2026 N-PORT
VOTE · TCW ETF Trust 0.02% 714 NS April 30, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.02% 3,556 NS April 30, 2026 N-PORT
SPXV · ProShares Trust 0.02% 29 NS May 31, 2026 N-PORT
JUST · Goldman Sachs ETF Trust 0.02% 404 NS May 31, 2026 N-PORT