TD Cowen Cuts Tyler Technologies (NYSE:TYL) Price Target to $400.00

Tyler Technologies (NYSE:TYL) had its target price trimmed by TD Cowen from $450.00 to $400.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on TYL. JPMorgan Chase & Co. cut their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a report on Friday, May 1st. BTIG Research reiterated a “buy” rating and set a $420.00 price objective on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, DA Davidson reissued a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $464.59.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $334.37 on Monday. The stock has a fifty day moving average price of $304.36 and a two-hundred day moving average price of $335.57. The firm has a market cap of $14.10 billion, a P/E ratio of 46.18, a PEG 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.

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. The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $648.01 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, research analysts predict that Tyler Technologies will post 10.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in Tyler Technologies by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after buying an additional 23 shares during the period. Signaturefd LLC boosted its position in shares of Tyler Technologies by 4.4% in the fourth quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock worth $291,000 after buying an additional 27 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after buying an additional 27 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in shares of Tyler Technologies by 7.0% during the fourth quarter. Apollon Wealth Management LLC now owns 445 shares of the technology company’s stock valued at $202,000 after buying an additional 29 shares in the last quarter. 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: Quarterly earnings beat expectations: Tyler reported adjusted earnings of $3.08 per share, above the $3.05-$3.06 consensus range and up from $2.91 a year earlier. Revenue increased 8.2% year over year to $645.1 million. Tyler Technologies Tops Q2 Earnings Estimates
• Positive Sentiment: Recurring and SaaS revenue remained strong: Recurring revenue reached $559.5 million, or 86.7% of total revenue, while SaaS revenue grew 21.7% to $230.6 million. Operating cash flow was $124.4 million and free cash flow was $118.5 million. Tyler Technologies Q2 Revenue Rises 8 Percent
• Positive Sentiment: Shareholder returns expanded: The company authorized up to $1.5 billion in additional Class A share repurchases after buying back approximately $505 million of stock during the quarter. Buybacks can support per-share earnings and signal management confidence.
• Positive Sentiment: Profit guidance exceeded consensus: Tyler forecast 2026 earnings of $12.95-$13.20 per share, above the $12.30 analyst consensus. Full-year revenue guidance was set at $2.535-$2.575 billion.
• Neutral Sentiment: Revenue slightly missed estimates: Second-quarter revenue of $645.1 million was below analysts’ approximately $648 million forecast, limiting the overall upside from the earnings report.
• Negative Sentiment: Price target reduced: TD Cowen lowered its Tyler Technologies price target to $400, a potentially cautious signal despite maintaining a target well above the recent trading level. TD Cowen Lowers Tyler Technologies Price Target

About Tyler Technologies

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.