Tyler Technologies (NYSE:TYL) Price Target Cut to $491.00 by Analysts at Piper Sandler

Tyler Technologies (NYSE:TYL) had its price objective reduced by Piper Sandler from $543.00 to $491.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price target would suggest a potential upside of 51.23% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Tuesday, April 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Cantor Fitzgerald boosted their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $440.00 price target on shares of Tyler Technologies in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $460.35.

Tyler Technologies Price Performance

NYSE TYL opened at $324.68 on Friday. The stock has a market capitalization of $13.69 billion, a PE ratio of 43.06, a P/E/G ratio of 2.21 and a beta of 0.82. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $621.34. The business has a 50 day simple moving average of $304.67 and a two-hundred day simple moving average of $334.70.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, topping the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to analyst estimates of $648.01 million. Tyler Technologies had a return on equity of 10.70% and a net margin of 13.36%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, analysts anticipate that Tyler Technologies will post 10.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies in the 1st quarter valued at $38,000. NewEdge Advisors LLC boosted its position in shares of Tyler Technologies by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares during the period. Woodline Partners LP purchased a new position in shares of Tyler Technologies during the 1st quarter worth approximately $2,102,000. Geneos Wealth Management Inc. boosted its position in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Key Headlines Impacting Tyler Technologies

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Tyler Technologies reported second-quarter adjusted EPS of $3.08, ahead of the roughly $3.05 consensus estimate. Revenue increased 8.2% year over year to $645.1 million, while SaaS revenue rose 21.7% to $230.6 million. Record SaaS and total bookings, strong recurring revenue, and $118.5 million of free cash flow highlighted continued demand. Tyler Technologies Reports Second Quarter 2026 Results
• Positive Sentiment: The company authorized a new $1.5 billion share-repurchase program and repurchased approximately $505 million of stock during the quarter. Management also pointed to cloud momentum and reaffirmed full-year 2026 EPS guidance of $12.95 to $13.20, above the current analyst consensus cited in the reports. Barclays reaffirmed its Buy rating, while William Blair maintained a bullish view based on SaaS growth and AI expansion. Tyler Technologies Reports Strong Q2 Results, Expands Buybacks
• Neutral Sentiment: Tyler outlined plans for cloud-living pilots beginning in 2027, with referenceable clients expected in 2028, and is targeting an 85% maintenance-conversion rate by 2030. The strategy supports long-term recurring revenue growth, but the benefits are several years away. Tyler Outlines Cloud-Living Pilots
• Negative Sentiment: Second-quarter revenue of $645.1 million fell modestly short of Wall Street expectations near $648 million. Investors also appeared to want a guidance increase after the strong bookings and operating commentary; instead, the company maintained its outlook, including revenue guidance of $2.535 billion to $2.575 billion versus consensus near $2.6 billion. With TYL trading at an elevated earnings multiple, even a small revenue miss can pressure the stock. Why Tyler Technologies Stock Got Thrashed on Thursday

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.