Tyler Technologies (NYSE:TYL) Earns “Buy” Rating from BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a research report issued on Thursday, Benzinga reports. They currently have a $400.00 price objective on the technology company’s stock. BTIG Research’s price objective would indicate a potential upside of 23.29% from the company’s current price.

TYL has been the subject of a number of other reports. TD Cowen decreased 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, July 27th. Barclays lifted their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. dropped their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. UBS Group set a $395.00 target price on Tyler Technologies in a report on Saturday, August 1st. Finally, Guggenheim initiated coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $454.44.

Tyler Technologies Stock Down 0.4%

Shares of Tyler Technologies stock traded down $1.14 during trading hours on Thursday, hitting $324.43. 392,341 shares of the company’s stock traded hands, compared to its average volume of 751,157. The stock has a 50 day simple moving average of $335.10 and a 200-day simple moving average of $325.48. 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 company has a market cap of $13.29 billion, a PE ratio of 42.94, a PEG ratio of 2.14 and a beta of 0.84. Tyler Technologies has a twelve month low of $270.71 and a twelve month high of $531.94.

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. The company 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%.The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 9,250 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the transaction, the chief executive officer directly owned 100,392 shares in the company, valued at $37,425,133.68. The trade was a 8.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Blue Trust Inc. raised its position in Tyler Technologies by 17.8% in the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock worth $68,000 after purchasing an additional 30 shares in the last quarter. Patron Partners LLC raised its position in Tyler Technologies by 6.0% in the fourth quarter. Patron Partners LLC now owns 551 shares of the technology company’s stock worth $250,000 after purchasing an additional 31 shares in the last quarter. IFP Advisors Inc raised its position in 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. Nomura Asset Management Co. Ltd. raised its position in Tyler Technologies by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,816 shares of the technology company’s stock worth $6,272,000 after purchasing an additional 35 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Tyler Technologies by 3.7% during the fourth quarter. Huntington National Bank now owns 1,305 shares of the technology company’s stock worth $592,000 after buying an additional 46 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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.