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

Key Points

• DA Davidson reaffirmed its Buy rating on Tyler Technologies with a $460 price target, implying roughly a 38.56% upside from the prior close.
• Consensus among analysts is a Moderate Buy with an average target of $468.53 (12 Buys, 2 Holds, 1 Sell), though several firms recently trimmed targets and one (Weiss) downgraded to Sell, showing divergent views.
• Tyler recently beat quarterly EPS estimates ($3.09 vs. $3.01) with revenue up 8.5% year-over-year and set FY2026 guidance of $12.50–$12.75 EPS; the shares trade near $332 with a 52-week range of $283.71–$621.34 and a premium valuation (PE ~45.8).

Tyler Technologies (NYSE:TYL - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at DA Davidson in a report released on Monday,Benzinga reports. They currently have a $460.00 price objective on the technology company's stock. DA Davidson's target price would suggest a potential upside of 38.56% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company decreased their price target on shares of Tyler Technologies from $420.00 to $335.00 and set an "equal weight" rating on the stock in a report on Friday, February 13th. Stifel Nicolaus decreased their price target on shares of Tyler Technologies from $550.00 to $400.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a report on Friday. Weiss Ratings cut shares of Tyler Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, April 24th. Finally, Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $468.53.

Tyler Technologies Stock Performance

TYL stock traded down $3.52 during midday trading on Monday, reaching $331.98. 174,001 shares of the company's stock traded hands, compared to its average volume of 609,236. The company has a 50-day moving average price of $342.47 and a two-hundred day moving average price of $406.38. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34. The firm has a market capitalization of $14.00 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business had revenue of $613.50 million for the quarter, compared to analysts' expectations of $608.66 million. During the same quarter in the previous year, the firm posted $2.78 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, analysts predict that Tyler Technologies will post 9.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Abigail Marshall Diaz-Pedrosa bought 610 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average cost of $325.08 per share, for a total transaction of $198,298.80. Following the completion of the transaction, the insider owned 1,123 shares of the company's stock, valued at approximately $365,064.84. The trade was a 118.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Pope sold 500 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the transaction, the director owned 2,871 shares of the company's stock, valued at $1,020,353.40. This trade represents a 14.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,298 shares of company stock valued at $2,658,721 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its position in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock valued at $27,000 after buying an additional 61 shares during the period. DV Equities LLC purchased a new stake in Tyler Technologies during the fourth quarter valued at about $27,000. Root Financial Partners LLC purchased a new stake in Tyler Technologies during the third quarter valued at about $28,000. Elyxium Wealth LLC purchased a new stake in Tyler Technologies during the fourth quarter valued at about $29,000. Finally, Bayban purchased a new stake in Tyler Technologies during the fourth quarter valued at about $30,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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