Tyler Technologies, Inc. (NYSE:TYL) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Tyler Technologies, with 13 buy ratings, one strong buy, three holds and one sell among 18 firms. The average 12-month price target is $456.72, although several firms recently reduced their targets.
• Tyler Technologies reported quarterly EPS of $3.08, exceeding the $3.05 consensus estimate, while revenue rose 8.2% year over year to $645.1 million, slightly below forecasts.
• The stock opened at $341.45, down 1.4%, and trades at a relatively high 45.28 price-to-earnings ratio. Company insiders recently sold shares, while institutional investors own 93.3% of the outstanding stock.

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $456.7222.

Several equities research analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. DA Davidson reiterated a "buy" rating and set a $460.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. Guggenheim began coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They set a "buy" rating and a $440.00 target price for the company. Finally, BTIG Research cut their target price on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th.

Insiders Place Their Bets

In other news, COO Jeffrey Puckett sold 8,500 shares of the business's 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 completion of the sale, the chief operating officer directly owned 7,784 shares of the company's stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the company's stock in a transaction dated Friday, August 28th. The stock was 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 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. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Tyler Technologies by 47.0% in the second quarter. Tidal Investments LLC now owns 7,038 shares of the technology company's stock valued at $2,058,000 after purchasing an additional 2,251 shares during the period. Engineers Gate Manager LP bought a new position in Tyler Technologies in the second quarter worth approximately $1,172,000. C WorldWide Group Holding A S increased its holdings in 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 worth $11,219,000 after purchasing an additional 8,928 shares during the period. NewEdge Advisors LLC raised its position in Tyler Technologies by 36.6% during the 2nd quarter. NewEdge Advisors LLC now owns 235 shares of the technology company's stock valued at $69,000 after purchasing an additional 63 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Tyler Technologies by 5.9% during the 2nd quarter. IFP Advisors Inc now owns 573 shares of the technology company's stock valued at $168,000 after purchasing an additional 32 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 1.4%

Shares of TYL stock opened at $341.45 on Friday. Tyler Technologies has a 1 year low of $270.71 and a 1 year high of $540.62. 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 stock's 50 day simple moving average is $332.67 and its two-hundred day simple moving average is $326.98. The company has a market cap of $13.98 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. The business had revenue of $645.10 million during 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 last year, the company earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts predict that Tyler Technologies will post 10.13 earnings per share for the current year.

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.

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