Conestoga Capital Advisors released its Q3 2025 investor letter, noting equity markets hit all-time highs. The Conestoga Smid Cap Composite underperformed the Russell 2500 Growth Index, returning -1.1% vs. +10.7% for the index. The market rally’s “low quality” leadership strengthened in Q3. Check the fund’s top 5 holdings for insights into their 2025 picks.

In their Q3 2025 letter, Conestoga Capital Advisors highlighted Tyler Technologies, Inc. (NYSE: TYL), offering public sector information management solutions. TYL’s one-month return was -5.38%, with shares down 14.08% over 52 weeks. On October 17, 2025, TYL closed at $505.60/share with a $21.873 billion market cap.

Conestoga Capital Advisors addressed concerns about Tyler Technologies, Inc. (NYSE: TYL) in their Q3 2025 letter. Despite market worries about budgetary pressures affecting TYL’s public sector customers, the company has not seen changes in demand, purchasing behavior, or budgets.

Tyler Technologies, Inc. (NYSE: TYL) is not among the 30 most popular stocks among hedge funds. In Q2 2025, 46 hedge fund portfolios held TYL, up from 44 in the previous quarter. TYL reported $596.1 million in revenue in Q2 2025, a 10.2% increase from Q2 2024. Consider other AI stocks for greater upside potential and lower downside risk.

Read more at Yahoo Finance: Here’s Why Tyler Technologies (TYL) Traded Down in Q3