Tyler Technologies, Inc. (NYSE:TYL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $468.5333.

TYL has been the subject of several recent research reports. Barclays boosted their price target on Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird set a $455.00 price target on Tyler Technologies in a research note on Friday, May 1st. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research report on Friday, February 13th. TD Cowen cut their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, BTIG Research cut their target price on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, April 10th.

Insider Buying and Selling at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the sale, the director directly owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of Tyler Technologies

Institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its position in shares of Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. DV Equities LLC acquired a new position in shares of Tyler Technologies during the 4th quarter worth $27,000. Elyxium Wealth LLC acquired a new position in shares of Tyler Technologies during the 4th quarter worth $29,000. Bayban acquired a new position in shares of Tyler Technologies during the 4th quarter worth $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Price Performance

TYL opened at $308.21 on Wednesday. The business has a fifty day simple moving average of $324.48 and a 200 day simple moving average of $375.12. The company has a market capitalization of $13.00 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. Tyler Technologies has a 1 year low of $283.71 and a 1 year high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.08. The business had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities analysts anticipate that Tyler Technologies will post 9.91 earnings per share for the current fiscal year.

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.