Tyler Technologies (NYSE:TYL) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Tyler Technologies shares rose above their 200-day moving average, reaching $334.25 and last trading near $332.85, versus the 200-day average of $324.16.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $454.44 average price target, despite several recent target reductions.
• The company slightly exceeded quarterly EPS expectations, reporting $3.08 versus $3.05, while revenue increased 8.2% year over year to $645.1 million; meanwhile, the CEO and COO disclosed sizable stock sales.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $324.16 and traded as high as $334.25. Tyler Technologies shares last traded at $332.8480, with a volume of 351,222 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TYL. JPMorgan Chase & Co. cut 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. Zacks Research downgraded shares of Tyler Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. TD Cowen lowered their price target 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. Barclays boosted their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 10th. Finally, UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $454.44.

Tyler Technologies Price Performance

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 company's 50-day simple moving average is $337.76 and its 200-day simple moving average is $324.16. The stock has a market capitalization of $13.63 billion, a P/E ratio of 44.14, a price-to-earnings-growth ratio of 2.18 and a beta of 0.85.

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

Insider Activity

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares of the company's stock, valued at $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the company'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 completion of the sale, the chief executive officer owned 100,392 shares in the company, valued at $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. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raiffeisen Bank International AG raised its stake in Tyler Technologies by 259.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company's stock valued at $28,000 after acquiring an additional 70 shares during the period. Bayban bought a new position in Tyler Technologies during the fourth quarter worth $30,000. Quantbot Technologies LP acquired a new position in shares of Tyler Technologies in the second quarter valued at $35,000. MV Capital Management Inc. acquired a new position in shares of Tyler Technologies in the fourth quarter valued at $37,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of Tyler Technologies in the second quarter valued at about $37,000. 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.

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