Zacks Research Downgrades Tyler Technologies (NYSE:TYL) to Hold

Tyler Technologies (NYSE:TYL) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. UBS Group set a $395.00 price target on Tyler Technologies in a report on Saturday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Piper Sandler decreased their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. BTIG Research reduced their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Guggenheim initiated coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $456.72.

Tyler Technologies Stock Performance

NYSE:TYL opened at $378.79 on Wednesday. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $566.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s fifty day moving average price is $324.49 and its 200 day moving average price is $325.32. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.84.

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

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was 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 in the company, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the first quarter worth approximately $38,000. NewEdge Advisors LLC increased its stake in shares of Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares during the last quarter. Woodline Partners LP bought a new position in shares of Tyler Technologies during the 1st quarter valued at $2,102,000. Geneos Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Tyler Technologies by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock valued at $368,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.