Tyler Technologies (NYSE:TYL) Stock Rating Reaffirmed as Buy by DA Davidson

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $460.00 price objective on the technology company’s stock. DA Davidson‘s target price would suggest a potential upside of 21.56% from the stock’s current price.

TYL has been the subject of several other research reports. BTIG Research reiterated a “buy” rating and issued a $400.00 target price on shares of Tyler Technologies in a report on Thursday, September 24th. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday. Guggenheim started coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock. Wells Fargo & Company upgraded Tyler Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $335.00 to $400.00 in a research report on Monday, October 12th. Finally, Zacks Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $442.78.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $7.96 on Tuesday, reaching $378.42. 579,690 shares of the company’s stock were exchanged, compared to its average volume of 740,625. The business’s 50-day moving average is $348.75 and its two-hundred day moving average is $338.95. 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 fifty-two week low of $270.71 and a fifty-two week high of $513.32. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 2.57 and a beta of 0.85.

Tyler Technologies (NYSE:TYL) last issued 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 firm had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same period in the prior year, the business earned $2.91 EPS. The firm’s revenue 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 forecast that Tyler Technologies will post 10.13 EPS for the current year.

Insider Activity at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was 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 in the company, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $372.79, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its holdings in shares of Tyler Technologies by 16.6% during the third quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company’s stock valued at $380,000 after acquiring an additional 170 shares during the period. CX Institutional increased its position in shares of Tyler Technologies by 13.3% during the 3rd quarter. CX Institutional now owns 952 shares of the technology company’s stock worth $303,000 after purchasing an additional 112 shares in the last quarter. Tidal Investments LLC increased its position in shares of Tyler Technologies by 47.0% during the 2nd quarter. Tidal Investments LLC now owns 7,038 shares of the technology company’s stock worth $2,058,000 after purchasing an additional 2,251 shares in the last quarter. Engineers Gate Manager LP bought a new position in Tyler Technologies during the 2nd quarter valued at about $1,172,000. Finally, C WorldWide Group Holding A S boosted its position in Tyler Technologies by 30.3% in the second quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company’s stock valued at $11,219,000 after buying an additional 8,928 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Key Stories Impacting Tyler Technologies

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

• Positive Sentiment: Analyst price targets moved higher. Needham raised its target to $500 from $400 and maintained a “buy” rating, while TD Cowen increased its target to $450 from $400. DA Davidson also reaffirmed its “buy” rating with a $460 target. These targets imply substantial upside from recent trading levels and signal continued confidence in Tyler’s growth outlook. Needham Adjusts Price Target on Tyler Technologies to $500 From $400
• Positive Sentiment: New government customers adopted Tyler’s budgeting software. Five cities and counties selected the company’s AI-powered Priority Based Budgeting solution, supporting Tyler’s recurring-revenue model and reinforcing demand for its cloud and artificial-intelligence offerings. Local Governments Turn to Tyler Technologies’ Priority Based Budgeting to Strengthen Fiscal Sustainability
• Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Expectations center on cloud migration, AI-enabled government software and recurring-revenue growth. Results or guidance that fail to meet elevated expectations could increase volatility. TYL to Report Q3 Earnings
• Negative Sentiment: Valuation leaves limited room for disappointment. Tyler trades at a high earnings multiple, so investors may be locking in gains or reducing exposure before earnings even as analysts remain bullish. Any slowdown in revenue growth or weaker guidance could pressure the stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.