Tyler Technologies’ (TYL) Buy Rating Reaffirmed at BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reaffirmed by BTIG Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $400.00 price target on the technology company’s stock. BTIG Research’s price target indicates a potential upside of 20.14% from the stock’s current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. TD Cowen decreased their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Barclays lifted their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Guggenheim began coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price for the company. 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 assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $456.72.

Tyler Technologies Price Performance

TYL stock opened at $332.94 on Thursday. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 2.18 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. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $531.94. The stock’s fifty day simple moving average is $334.77 and its 200-day simple moving average is $326.11.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities research analysts expect that Tyler Technologies will post 10.13 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction on 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 directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H. Moore, Jr. sold 9,250 shares of Tyler Technologies 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 $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Tyler Technologies by 17.8% in the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after acquiring an additional 30 shares in the last quarter. Patron Partners LLC increased its position in Tyler Technologies by 6.0% during the 4th quarter. Patron Partners LLC now owns 551 shares of the technology company’s stock valued at $250,000 after buying an additional 31 shares in the last quarter. IFP Advisors Inc raised its stake in Tyler Technologies by 5.9% in the second quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $168,000 after buying an additional 32 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted 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 worth $6,272,000 after acquiring an additional 35 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Tyler Technologies by 3.7% during the fourth quarter. Huntington National Bank now owns 1,305 shares of the technology company’s stock valued at $592,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

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.