Tyler Technologies, Inc. (NYSE:TYL) Stock Has Average Target Price of $453.89

Key Points

• Analysts maintain a “Moderate Buy” consensus on Tyler Technologies, with 12 buy, four hold, and one strong-buy rating. The average 12-month price target is $453.89, though recent targets range from $395 to $450.
• 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 but came in below estimates.
• Institutional investors own 93.3% of the stock, including major new positions from BlackRock, Bank of America, and Deutsche Bank. Meanwhile, the CEO and COO recently sold shares, and insiders own 1.1% of the company.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $453.89.

TYL has been the topic of several recent research reports. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. Piper Sandler started coverage on shares of Tyler Technologies in a report on Monday, September 28th. They issued an "overweight" rating and a $450.00 price target for the company. TD Cowen dropped their price target on Tyler Technologies from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Weiss Ratings raised Tyler Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, September 22nd. Finally, Zacks Research cut Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd.

Tyler Technologies Trading Up 2.9%

Shares of TYL opened at $339.26 on Tuesday. The stock has a market capitalization of $13.89 billion, a PE ratio of 44.99, a P/E/G ratio of 2.17 and a beta of 0.85. The company's fifty day moving average is $338.95 and its 200 day moving average is $323.89. 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 fifty-two week low of $270.71 and a fifty-two week high of $524.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same quarter last year, the business earned $2.91 earnings per share. Tyler Technologies's quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Sell-side analysts expect that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction that occurred 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 transaction, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were 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. This represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Tyler Technologies during the second quarter valued at $1,129,890,000. Bank of America Corp DE bought a new position in shares of Tyler Technologies in the second quarter worth about $116,831,000. Deutsche Bank AG bought a new position in shares of Tyler Technologies in the second quarter worth about $88,645,000. Principal Financial Group Inc. grew its holdings in shares of Tyler Technologies by 20.1% in 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. Finally, Bank of New York Mellon Corp bought a new position in shares of Tyler Technologies in the second quarter worth about $72,426,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc NYSE: TYL provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.

The company's offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.