Madison Investments' Mid Cap Fund added Tyler Technologies to its portfolio in the first quarter of 2026, seeing a long runway for sales growth as municipalities and states upgrade decades-old systems and citizens demand better digital interfaces. The fund noted Tyler's strong track record and risk-averse government clients favor proven vendors, positioning it to win contracts despite AI disruption fears. Tyler Technologies shares closed at $290.75 on June 29, 2026, with a market capitalization of $11.96 billion, though the stock lost 50.72% over the past 52 weeks. The Madison Mid Cap Fund declined 4.28% in the quarter, underperforming the Russell Midcap Index's 1.29% return, partly due to limited exposure to the Energy and Materials sectors that rallied on geopolitical and commodity price concerns.
Tyler Technologies IncFund cites long runway for sales growth as municipalities upgrade systems and citizens demand better digital interfaces.