Tyler Technologies (NYSE:TYL) Earns Buy Rating from BTIG Research

Key Points

• BTIG Research reiterated its “Buy” rating on Tyler Technologies and set a $400 price target, implying 20.14% upside from the previous close. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $456.72.
• Tyler Technologies reported quarterly EPS of $3.08, slightly above the $3.05 consensus, while revenue rose 8.2% year over year to $645.1 million, just below estimates.
• Company insiders recently sold shares, including the COO’s $3.03 million transaction and the CEO’s $3.45 million sale; institutional investors own a substantial 93.3% of the stock.

Tyler Technologies (NYSE:TYL - Get Free Report)'s stock had its "buy" rating reiterated by BTIG Research in a report issued on Thursday, Benzinga reports. They currently have a $400.00 target price on the technology company's stock. BTIG Research's price target suggests a potential upside of 20.14% from the company's previous close.

A number of other brokerages have also weighed in on TYL. Barclays raised their price objective on Tyler Technologies from $420.00 to $425.00 and gave the company an "overweight" rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Tyler Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. DA Davidson restated a "buy" rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research report on Saturday, August 1st. Finally, TD Cowen cut their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $456.72.

Tyler Technologies Stock Up 0.6%

TYL stock opened at $332.94 on Thursday. Tyler Technologies has a one year low of $270.71 and a one year high of $531.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The firm's fifty day moving average is $334.77 and its 200 day moving average is $326.11. The firm has a market cap of $13.63 billion, a PE ratio of 44.16, a P/E/G ratio of 2.18 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (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 company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter in the prior year, the business posted $2.91 earnings per share. Tyler Technologies's revenue for the quarter was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, research analysts forecast that Tyler Technologies will post 10.13 EPS for the current year.

Insider Activity

In related news, COO Jeffrey Puckett sold 8,500 shares of the company'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 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. This represents a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H. Moore, Jr. sold 9,250 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Tyler Technologies during the 2nd quarter valued at approximately $1,129,890,000. Norges Bank acquired a new stake in Tyler Technologies in the fourth quarter valued at $921,035,000. T. Rowe Price Investment Management Inc. increased its position in shares of Tyler Technologies by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company's stock valued at $857,274,000 after buying an additional 44,785 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Tyler Technologies by 20.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock worth $597,681,000 after buying an additional 291,564 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Tyler Technologies by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,228,686 shares of the technology company's stock valued at $556,725,000 after acquiring an additional 13,608 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

About Tyler Technologies

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.

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