Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned an average rating of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $456.72.

Several equities research analysts have weighed in on TYL shares. Barclays boosted their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. cut their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. TD Cowen reduced their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Guggenheim started coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock.

Tyler Technologies Trading Down 1.7%

Shares of TYL opened at $327.03 on Friday. The stock has a market capitalization of $13.39 billion, a PE ratio of 43.37, a P/E/G ratio of 2.18 and a beta of 0.84. The company’s fifty day moving average is $334.98 and its 200 day moving average is $325.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. Tyler Technologies has a fifty-two week low of $270.71 and a fifty-two week high of $531.94.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same quarter last year, the business earned $2.91 earnings per share. Tyler Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Sell-side analysts expect that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO H. Moore, Jr. sold 9,250 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the sale, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently added to or reduced their stakes in TYL. American Capital Management Inc. grew its holdings in Tyler Technologies by 348.9% during the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock worth $33,876,000 after acquiring an additional 76,903 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $2,739,000. Bank of America Corp DE purchased a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $116,831,000. Norges Bank bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $921,035,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tyler Technologies by 13.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after purchasing an additional 48,832 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler’s solutions to manage administrative, operational and citizen-facing functions.

The company’s product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.