Tyler Technologies (NYSE:TYL) Given Buy Rating at DA Davidson

Key Points

• DA Davidson reaffirmed its “Buy” rating on Tyler Technologies and set a $460 price target, implying 21.56% upside. The stock has a “Moderate Buy” consensus rating with an average target of $442.78.
• Tyler Technologies shares fell 2.1% to $378.42, while the company’s latest quarterly results modestly exceeded earnings expectations. Revenue increased 8.2% year over year, and fiscal 2026 EPS guidance was set at $12.95–$13.20.
• Institutional investors own 93.3% of the shares, though the CEO and COO recently sold stock. Tyler’s elevated valuation, at roughly 50 times earnings, could leave the shares vulnerable if growth or future guidance disappoints.

Tyler Technologies (NYSE:TYL - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $460.00 target price on the technology company's stock. DA Davidson's target price would suggest a potential upside of 21.56% from the stock's previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upgraded shares of Tyler Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $335.00 to $400.00 in a research note on Monday, October 12th. Guggenheim initiated coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They issued a "buy" rating and a $440.00 price objective on the stock. The Goldman Sachs Group lowered shares of Tyler Technologies from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $395.00 to $345.00 in a research report on Thursday, October 8th. Piper Sandler assumed coverage on shares of Tyler Technologies in a research note on Monday, September 28th. They issued an "overweight" rating and a $450.00 price target on the stock. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday, August 1st. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $442.78.

Tyler Technologies Trading Down 2.1%

Shares of TYL stock traded down $7.96 during trading hours on Tuesday, reaching $378.42. The company had a trading volume of 579,690 shares, compared to its average volume of 740,625. The company has a 50 day moving average of $348.75 and a 200 day moving average of $338.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 2.57 and a beta of 0.85. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $513.32.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.03. The firm had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities research analysts anticipate that Tyler Technologies will post 10.13 EPS for the current year.

Insider Buying and Selling

In related news, CEO H. 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey Puckett sold 8,500 shares of the firm's stock in a transaction on Monday, August 24th. The stock was 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 of the company's stock, valued at $2,774,528.96. The trade was a 52.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC increased its holdings in Tyler Technologies by 16.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company's stock worth $380,000 after buying an additional 170 shares in the last quarter. CX Institutional lifted 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 valued at $303,000 after buying an additional 112 shares in the last quarter. Tidal Investments LLC lifted 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 valued at $2,058,000 after buying an additional 2,251 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Tyler Technologies during the 2nd quarter valued at about $1,172,000. Finally, C WorldWide Group Holding A S lifted its position in shares of Tyler Technologies by 30.3% during the 2nd 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. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies News Summary

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.