Tyler Technologies (NYSE:TYL) Stock Rating Upgraded by Zacks Research

Tyler Technologies (NYSE:TYL) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on TYL. DA Davidson reiterated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. Cantor Fitzgerald upped their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Finally, BTIG Research dropped their price target on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Price Performance

TYL opened at $306.14 on Tuesday. The firm has a market capitalization of $12.54 billion, a P/E ratio of 40.60, a PEG ratio of 2.06 and a beta of 0.81. The stock has a fifty day moving average of $304.62 and a 200-day moving average of $330.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies has a 12-month low of $270.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.03. The firm had revenue of $645.10 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts forecast that Tyler Technologies will post 10.12 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Several large investors have recently made changes to their positions in TYL. Oppenheimer Asset Management Inc. bought a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $7,576,000. Tema ETFs LLC grew its holdings in Tyler Technologies by 69.5% during the second quarter. Tema ETFs LLC now owns 873 shares of the technology company’s stock valued at $255,000 after purchasing an additional 358 shares during the last quarter. Generali Investments Management Co LLC raised its position in shares of Tyler Technologies by 53.4% in the second quarter. Generali Investments Management Co LLC now owns 3,487 shares of the technology company’s stock valued at $1,020,000 after purchasing an additional 1,214 shares during the period. West Financial Advisors LLC lifted its stake in shares of Tyler Technologies by 15.9% in the second quarter. West Financial Advisors LLC now owns 1,680 shares of the technology company’s stock worth $491,000 after buying an additional 231 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of Tyler Technologies by 2.4% during the 2nd quarter. Czech National Bank now owns 12,002 shares of the technology company’s stock worth $3,510,000 after buying an additional 284 shares during the period. 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.