Tyler Technologies (NYSE:TYL) Stock Rating Reaffirmed as Buy by BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $400.00 target price on the technology company’s stock. BTIG Research’s target price would suggest a potential upside of 23.62% from the company’s current price.

TYL has been the subject of a number of other research reports. Piper Sandler decreased their target price on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. DA Davidson restated a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. Zacks Research downgraded shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Finally, Weiss Ratings upgraded shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $454.44.

Tyler Technologies Price Performance

TYL stock traded down $1.99 on Thursday, hitting $323.58. 224,988 shares of the company’s stock traded hands, compared to its average volume of 750,259. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 42.96, a P/E/G ratio of 2.14 and a beta of 0.84. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $335.10 and a 200-day moving average of $325.48. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $531.94.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. The business 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 revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, analysts forecast that Tyler Technologies will post 10.13 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Tyler Technologies

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

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler’s solutions to manage administrative, operational and citizen-facing functions.

The company’s product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.