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

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reiterated 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 target price would indicate a potential upside of 23.44% from the company’s previous close.

TYL has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Piper Sandler reduced their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Finally, Zacks Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $454.44.

Tyler Technologies Stock Down 0.5%

Shares of Tyler Technologies stock traded down $1.53 on Thursday, hitting $324.05. 603,715 shares of the company’s stock traded hands, compared to its average volume of 752,410. The stock has a market cap of $13.27 billion, a P/E ratio of 42.98, a PEG ratio of 2.14 and a beta of 0.84. 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 firm’s 50-day moving average is $335.10 and its 200 day moving average is $325.48. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $531.94.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS 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 analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H. Moore, Jr. sold 9,250 shares of the firm’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 directly owned 100,392 shares in the company, valued at $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds have recently added to or reduced their stakes in the stock. American Capital Management Inc. lifted its stake in Tyler Technologies by 348.9% in the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after buying an additional 76,903 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Tyler Technologies in the first quarter valued at $2,739,000. Bank of America Corp DE bought a new stake in Tyler Technologies in the second quarter valued at $116,831,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Tyler Technologies by 13.9% in 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 valued at $117,211,000 after buying an additional 48,832 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Tyler Technologies during the fourth quarter valued at about $921,035,000. 93.30% of the stock is currently owned by institutional investors.

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.