Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tyler Technologies, Inc. (NYSE:TYL) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $456.7222.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. BTIG Research cut their price target on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. DA Davidson reissued a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Piper Sandler decreased their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd.

Tyler Technologies Stock Down 1.4%

NYSE:TYL opened at $341.45 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $540.62. The company has a 50-day moving average of $332.67 and a 200 day moving average of $326.98. The firm has a market cap of $13.98 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter last year, the firm posted $2.91 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, research analysts anticipate that Tyler Technologies will post 10.13 EPS for the current fiscal year.

Insider Activity

In related news, COO Jeffrey Puckett sold 8,500 shares of the business’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 transaction 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. The trade was a 52.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at $37,425,133.68. The trade was a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG grew its stake in Tyler Technologies by 259.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the fourth quarter worth $29,000. Bayban purchased a new position in Tyler Technologies during the fourth quarter valued at $30,000. Quantbot Technologies LP purchased a new position in Tyler Technologies during the second quarter valued at $35,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at about $37,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

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.