DA Davidson Reaffirms Buy Rating for Tyler Technologies (NYSE:TYL)

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

A number of other brokerages also recently issued reports on TYL. UBS Group set a $395.00 price target on Tyler Technologies in a report on Saturday, August 1st. Zacks Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company upgraded Tyler Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $335.00 to $400.00 in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Finally, BTIG Research reissued a “buy” rating and issued a $400.00 price objective on shares of Tyler Technologies in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $442.78.

Tyler Technologies Trading Down 2.1%

Shares of NYSE TYL traded down $7.96 during midday trading on Tuesday, hitting $378.42. 579,690 shares of the company traded hands, compared to its average volume of 740,625. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. Tyler Technologies has a 12-month low of $270.71 and a 12-month high of $513.32. The stock has a 50-day moving average price of $348.75 and a 200 day moving average price of $338.95. The firm has a market cap of $15.50 billion, a P/E ratio of 50.19, a P/E/G ratio of 2.57 and a beta of 0.85.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. The firm had revenue of $645.10 million for 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 revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, analysts expect that Tyler Technologies will post 10.13 earnings per share for the current year.

Insider Activity

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H. Moore, Jr. sold 9,250 shares of the company’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 transaction, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Tyler Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Tyler Technologies during the 2nd quarter valued at approximately $1,129,890,000. Principal Financial Group Inc. raised its holdings in shares of Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after purchasing an additional 291,564 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Tyler Technologies by 10.5% during the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock worth $138,696,000 after purchasing an additional 38,508 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Tyler Technologies by 13.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after purchasing an additional 48,832 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Tyler Technologies in the second quarter valued at $88,645,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies News Roundup

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.

Tyler Technologies Company Profile

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.