Tyler Technologies (NYSE:TYL) Rating Increased to Strong-Buy at Guggenheim

Guggenheim upgraded shares of Tyler Technologies (NYSE:TYL) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

TYL has been the subject of a number of other reports. Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. Robert W. Baird set a $455.00 price target on Tyler Technologies in a research report on Friday, May 1st. DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Cantor Fitzgerald raised their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Barclays lifted their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $470.47.

Tyler Technologies Price Performance

Shares of TYL opened at $288.45 on Wednesday. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $621.34. The stock has a market cap of $12.16 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. The firm has a fifty day moving average price of $304.20 and a 200 day moving average price of $339.13.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. During the same quarter last year, the company posted $2.78 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities analysts expect that Tyler Technologies will post 10.04 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. State Street Corp lifted its holdings in shares of Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after purchasing an additional 34,178 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock valued at $857,274,000 after buying an additional 44,785 shares during the last quarter. Principal Financial Group Inc. grew its position in Tyler Technologies by 20.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after buying an additional 291,564 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company’s stock valued at $556,725,000 after buying an additional 13,608 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.