Tyler Technologies (NYSE:TYL) Issues Earnings Results, Beats Expectations By $0.03 EPS

Tyler Technologies (NYSE:TYL) issued its earnings results on Wednesday. The technology company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.03, FiscalAI reports. Tyler Technologies had a net margin of 13.36% and a return on equity of 10.70%. The company had revenue of $645.10 million for the quarter, compared to analyst estimates of $648.01 million. During the same period in the prior year, the business posted $2.91 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies updated its FY 2026 guidance to 12.950-13.200 EPS.

Tyler Technologies Trading Down 4.1%

Shares of NYSE:TYL traded down $13.40 on Friday, hitting $309.91. The company had a trading volume of 524,519 shares, compared to its average volume of 717,378. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $621.34. The business has a 50 day moving average of $304.67 and a 200 day moving average of $334.70. The company has a market cap of $13.07 billion, a PE ratio of 41.24, a PEG ratio of 2.21 and a beta of 0.82.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $455.00 price target on Tyler Technologies in a report on Friday, May 1st. Barclays boosted their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. TD Cowen cut their price target on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday. Finally, BTIG Research decreased their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.35.

More Tyler Technologies News

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Tyler Technologies acquired CODY Systems, a public-safety software provider. The deal expands Tyler’s offerings and customer reach in its government technology market. Tyler Technologies Acquires CODY Systems
• Positive Sentiment: Second-quarter adjusted earnings were $3.08 per share, slightly above consensus, while revenue increased 8.2% year over year to $645.1 million. SaaS revenue rose 21.7% to $230.6 million, recurring revenue represented 86.7% of total revenue, and free cash flow reached $118.5 million. Tyler Technologies Q2 Earnings Beat Estimates
• Positive Sentiment: The company authorized an additional $1.5 billion share-repurchase program and repurchased approximately $505 million of stock during the quarter, potentially supporting earnings per share and shareholder returns. Tyler Technologies Q2 Revenue Rises
• Neutral Sentiment: Management highlighted record SaaS and total bookings, cloud momentum, and plans for cloud-living pilots in 2027. It is targeting conversion of 85% of maintenance revenue to cloud by 2030, offering a potential longer-term growth catalyst. Tyler Outlines Cloud-Living Pilots
• Negative Sentiment: Quarterly revenue of $645.1 million fell modestly short of analyst expectations near $648 million. Investors appeared to place more weight on the revenue miss than on the small EPS beat, particularly given Tyler’s premium valuation. Why Tyler Technologies Stock Got Thrashed
• Negative Sentiment: Tyler maintained its full-year outlook rather than raising it. Revenue guidance of $2.535 billion to $2.575 billion is below the roughly $2.6 billion consensus estimate, creating concern that near-term growth may not justify the stock’s valuation.
• Negative Sentiment: BTIG and Piper Sandler lowered their price targets to $400 and $491, respectively, although both retained bullish ratings. The target reductions reinforce investors’ cautious reaction to the earnings update. Benzinga analyst updates

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter worth $38,000. NewEdge Advisors LLC lifted its position in Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after buying an additional 38 shares during the period. Woodline Partners LP purchased a new position in Tyler Technologies during the first quarter worth about $2,102,000. Geneos Wealth Management Inc. boosted its stake in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Tyler Technologies by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

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.