Tyler Technologies (NYSE:TYL) Trading Down 4.4% – Here’s What Happened

Tyler Technologies, Inc. (NYSE:TYL) was down 4.4% during mid-day trading on Tuesday . The stock traded as low as $303.65 and last traded at $303.8690. 167,067 shares were traded during trading, a decline of 76% from the average session volume of 698,842 shares. The stock had previously closed at $317.96.

Analyst Upgrades and Downgrades

TYL has been the subject of several research reports. Barclays raised their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Cantor Fitzgerald upped their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 price objective on shares of Tyler Technologies in a report on Tuesday, April 28th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $472.38.

Tyler Technologies Trading Down 4.9%

The company has a market cap of $12.75 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The firm’s 50 day moving average price is $304.90 and its 200-day moving average price is $342.44.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $608.66 million. During the same period in the previous year, the firm posted $2.78 earnings per share. Tyler Technologies’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. Analysts predict that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Tyler Technologies during the 4th quarter worth $921,035,000. Van ECK Associates Corp grew its stake in Tyler Technologies by 43.2% in the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after acquiring an additional 367,203 shares during the period. Principal Financial Group Inc. grew its stake in 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 valued at $597,681,000 after acquiring an additional 291,564 shares during the period. Wellington Management Group LLP increased its holdings in shares of Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after acquiring an additional 252,488 shares in the last quarter. Finally, Impax Asset Management Group plc acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $106,740,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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.