Tyler Technologies (NYSE:TYL) Now Covered by Piper Sandler

Piper Sandler initiated coverage on shares of Tyler Technologies (NYSE:TYL) in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $450.00 target price on the technology company’s stock.

TYL has been the topic of several other reports. Weiss Ratings raised Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. TD Cowen cut their price target on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. Guggenheim started coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. Zacks Research downgraded shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $400.00 target price on shares of Tyler Technologies in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $454.44.

Tyler Technologies Stock Down 0.5%

TYL stock opened at $324.05 on Monday. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The company has a 50-day moving average of $335.21 and a two-hundred day moving average of $325.26. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $531.94. 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 (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period in the previous year, the company posted $2.91 earnings per share. The firm’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, equities research analysts anticipate that Tyler Technologies will post 10.13 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors have recently added to or reduced their stakes in TYL. Blue Trust Inc. lifted its stake in shares of Tyler Technologies by 17.8% in the 1st quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares during the period. Patron Partners LLC grew its stake in shares of Tyler Technologies by 6.0% during the fourth quarter. Patron Partners LLC now owns 551 shares of the technology company’s stock worth $250,000 after purchasing an additional 31 shares during the period. IFP Advisors Inc grew its stake in shares of Tyler Technologies by 5.9% during the second quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock worth $168,000 after purchasing an additional 32 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Tyler Technologies by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,816 shares of the technology company’s stock valued at $6,272,000 after purchasing an additional 35 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in Tyler Technologies by 4.0% in the second quarter. Empirical Finance LLC now owns 1,416 shares of the technology company’s stock valued at $414,000 after purchasing an additional 55 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

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.