Tyler Technologies (NYSE:TYL) Receives “Buy” Rating from DA Davidson

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $460.00 target price on the technology company’s stock. DA Davidson’s target price points to a potential upside of 55.61% from the company’s previous close.

Several other equities research analysts have also issued reports on TYL. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. Barclays raised their target price on shares of Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings cut shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. TD Cowen dropped their price target on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Wells Fargo & Company cut their price objective on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Stock Down 4.5%

Shares of TYL traded down $14.04 during midday trading on Wednesday, hitting $295.61. The company’s stock had a trading volume of 435,130 shares, compared to its average volume of 635,876. Tyler Technologies has a one year low of $283.71 and a one year high of $621.34. The company’s fifty day simple moving average is $340.93 and its two-hundred day simple moving average is $398.49. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.08. The business had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.Tyler Technologies’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, research analysts predict that Tyler Technologies will post 9.89 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of the company’s stock in a transaction on Friday, February 20th. The stock was acquired at an average cost of $325.08 per share, with a total value of $198,298.80. Following the purchase, the insider directly owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This represents a 118.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the sale, the director owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This trade represents a 23.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,298 shares of company stock valued at $2,658,721 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. ABN Amro Investment Solutions lifted its position in shares of Tyler Technologies by 155.0% during the first quarter. ABN Amro Investment Solutions now owns 7,203 shares of the technology company’s stock worth $2,466,000 after purchasing an additional 4,378 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Tyler Technologies by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 15,288 shares of the technology company’s stock worth $5,234,000 after purchasing an additional 2,679 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new stake in Tyler Technologies during the 1st quarter valued at $112,000. Burling Wealth Partners LLC grew its position in shares of Tyler Technologies by 30.1% during the 1st quarter. Burling Wealth Partners LLC now owns 6,080 shares of the technology company’s stock worth $2,082,000 after buying an additional 1,405 shares in the last quarter. Finally, Madison Asset Management LLC bought a new stake in shares of Tyler Technologies in the first quarter valued at about $54,880,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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.