Tyler Technologies, Inc. (NYSE:TYL) Receives $456.72 Consensus Target Price from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $456.7222.

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on 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 reduced their target price on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Guggenheim started coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock.

Insider Buying and Selling

In related news, COO Jeffrey David Puckett sold 8,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tyler Technologies

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the first quarter valued at about $38,000. NewEdge Advisors LLC grew its stake 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 in the last quarter. Woodline Partners LP acquired a new stake in Tyler Technologies during the first quarter worth about $2,102,000. Geneos Wealth Management Inc. increased its holdings in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the period. Finally, American Century Companies Inc. increased its stake in Tyler Technologies by 12.5% in the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock valued at $368,000 after acquiring an additional 69 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

Shares of TYL stock opened at $353.26 on Monday. Tyler Technologies has a 12 month low of $270.71 and a 12 month high of $566.58. The stock has a 50-day moving average price of $313.04 and a 200 day moving average price of $323.50. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.30 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. 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. Research analysts expect that Tyler Technologies will post 10.13 EPS for the current year.

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.