Tyler Technologies’ (TYL) “Buy” Rating Reiterated at DA Davidson

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They presently have a $460.00 price target on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 48.64% from the stock’s current price.

Several other research analysts have also commented on the stock. Barclays boosted their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus reduced their price objective on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Finally, Oppenheimer reduced their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $468.87.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $0.54 during trading hours on Wednesday, hitting $309.46. The company’s stock had a trading volume of 238,695 shares, compared to its average volume of 656,557. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 2.04 and a beta of 0.82. The firm’s fifty day moving average price is $324.48 and its 200 day moving average price is $375.12.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating the consensus estimate of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same quarter in the previous year, the business posted $2.78 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts predict that Tyler Technologies will post 9.91 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the sale, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Trading of Tyler Technologies

Several large investors have recently made changes to their positions in the business. DV Trading LLC boosted its holdings in shares of Tyler Technologies by 444.2% in the 1st quarter. DV Trading LLC now owns 653 shares of the technology company’s stock valued at $224,000 after acquiring an additional 533 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Tyler Technologies by 33.7% during the first quarter. Parallel Advisors LLC now owns 667 shares of the technology company’s stock worth $229,000 after buying an additional 168 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in Tyler Technologies by 39.0% during the first quarter. Integrated Investment Consultants LLC now owns 981 shares of the technology company’s stock worth $336,000 after buying an additional 275 shares in the last quarter. Henshaw Capital LLC boosted its holdings in Tyler Technologies by 161.1% during the first quarter. Henshaw Capital LLC now owns 6,673 shares of the technology company’s stock worth $2,285,000 after buying an additional 4,117 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Tyler Technologies by 100.4% during the first quarter. Glenmede Trust Co. NA now owns 1,545 shares of the technology company’s stock worth $529,000 after buying an additional 774 shares in the last quarter. 93.30% of the stock is 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.