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

Tyler Technologies, Inc. (NYSE:TYL) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $468.5333.

A number of equities analysts have issued reports on the company. Truist Financial set a $440.00 target price on Tyler Technologies in a report on Friday, May 1st. Cantor Fitzgerald increased their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. BTIG Research cut their price target on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Barclays increased their price target on Tyler Technologies from $410.00 to $420.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $308.21 on Wednesday. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34. The stock has a market capitalization of $13.00 billion, a P/E ratio of 42.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. The stock has a fifty day moving average of $324.48 and a 200-day moving average of $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, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter in the previous year, the firm earned $2.78 EPS. Tyler Technologies’s revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, research analysts forecast that Tyler Technologies will post 9.91 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Tyler Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. DV Equities LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $27,000. Salomon & Ludwin LLC raised its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter worth approximately $38,000. Finally, Bayban purchased a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $30,000. 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.