Zacks Research Upgrades Tyler Technologies (NYSE:TYL) to Strong-Buy

Key Points

• Zacks Research upgraded Tyler Technologies from “hold” to “strong buy,” while broader analyst coverage indicates a “Moderate Buy” consensus and an average price target of $456.72.
• Tyler Technologies’ latest quarterly results slightly exceeded expectations, with EPS of $3.08 versus the $3.05 consensus; revenue rose 8.2% year over year to $645.1 million, though it fell just below estimates.
• The stock opened at $306.14 and has declined substantially from its 12-month high of $621.34. Institutional investors and hedge funds own approximately 93.3% of the company’s shares.

Tyler Technologies (NYSE:TYL - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

TYL has been the subject of several other research reports. BTIG Research cut their price objective on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price 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. Citizens Jmp reaffirmed a "market outperform" rating and set a $500.00 price target on shares of Tyler Technologies in a research note on Tuesday, April 28th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Finally, Piper Sandler reduced their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of TYL opened at $306.14 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $304.62 and its two-hundred day moving average is $330.81. Tyler Technologies has a twelve month low of $270.71 and a twelve month high of $621.34. The firm has a market capitalization of $12.54 billion, a PE ratio of 40.60, a P/E/G ratio of 2.06 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its 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. The business had revenue of $645.10 million during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts anticipate that Tyler Technologies will post 10.12 earnings per share for the current year.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds have recently bought and sold shares of the stock. DV Equities LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at $27,000. Salomon & Ludwin LLC lifted its holdings in Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Tyler Technologies in the 4th quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the 1st quarter worth about $38,000. Finally, Bayban purchased a new stake in shares of Tyler Technologies during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

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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