BTIG Research Reaffirms “Buy” Rating for Tyler Technologies (NYSE:TYL)

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a report released on Thursday, Benzinga reports. They presently have a $400.00 target price on the technology company’s stock. BTIG Research’s price objective would indicate a potential upside of 25.75% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. DA Davidson restated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Zacks Research cut shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $454.44.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $1.83 during midday trading on Thursday, hitting $318.09. The company’s stock had a trading volume of 693,758 shares, compared to its average volume of 752,568. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.13 and a beta of 0.84. The stock’s 50 day simple moving average is $335.54 and its 200 day simple moving average is $325.04. Tyler Technologies has a fifty-two week low of $270.71 and a fifty-two week high of $525.06. 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 (NYSE:TYL) last announced its 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. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The firm had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same quarter in the prior year, the company earned $2.91 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Jeffrey Puckett sold 8,500 shares of the company’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 sale, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the transaction, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at $37,425,133.68. This trade represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of Tyler Technologies by 47.0% during the 2nd quarter. Tidal Investments LLC now owns 7,038 shares of the technology company’s stock worth $2,058,000 after buying an additional 2,251 shares during the period. Engineers Gate Manager LP acquired a new position in Tyler Technologies during the second quarter worth $1,172,000. C WorldWide Group Holding A S lifted its holdings in shares of Tyler Technologies by 30.3% during the second quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company’s stock valued at $11,219,000 after acquiring an additional 8,928 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Tyler Technologies by 36.6% in the 2nd quarter. NewEdge Advisors LLC now owns 235 shares of the technology company’s stock valued at $69,000 after purchasing an additional 63 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Tyler Technologies by 5.9% in the 2nd quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $168,000 after purchasing an additional 32 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Company Profile

Tyler Technologies, Inc (NYSE: TYL) provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.

The company’s offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.