Tyler Technologies, Inc. (NYSE:TYL) Stock Has Average Price Target of $453.89 According to Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average rating of “Moderate Buy” by the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $453.89.

A number of equities analysts recently weighed in on the company. Piper Sandler initiated coverage on Tyler Technologies in a report on Monday, September 28th. They issued an “overweight” rating and a $450.00 price target for the company. Guggenheim began coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Weiss Ratings raised Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. UBS Group set a $395.00 price objective on Tyler Technologies in a research report on Saturday, August 1st. Finally, BTIG Research restated a “buy” rating and issued a $400.00 price objective on shares of Tyler Technologies in a research report on Thursday, September 24th.

Tyler Technologies Stock Up 0.0%

TYL opened at $360.88 on Tuesday. Tyler Technologies has a fifty-two week low of $270.71 and a fifty-two week high of $524.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The company has a fifty day moving average of $343.52 and a two-hundred day moving average of $324.54. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 47.86, a PEG ratio of 2.38 and a beta of 0.85.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business 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 firm posted $2.91 earnings per share. The company’s revenue 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. On average, research analysts expect that Tyler Technologies will post 10.13 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the company’s 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 transaction, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 100,392 shares of the company’s stock, valued at $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Tyler Technologies in the second quarter valued at about $1,129,890,000. T. Rowe Price Investment Management Inc. increased its position in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after purchasing an additional 44,785 shares during the last quarter. Principal Financial Group Inc. increased its position in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after purchasing an additional 291,564 shares during the last quarter. Bank of America Corp DE raised its stake in Tyler Technologies by 10.5% during the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock worth $138,696,000 after purchasing an additional 38,508 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Tyler Technologies by 13.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock worth $117,211,000 after purchasing an additional 48,832 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.