Tyler Technologies, Inc. (NYSE:TYL) Receives $468.53 Average Price Target from Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $468.5333.

A number of equities research analysts have issued reports on TYL shares. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Stifel Nicolaus cut 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. BTIG Research cut their price target on shares of Tyler Technologies from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Oppenheimer cut their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Tyler Technologies in a report on Friday, February 13th.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the sale, the director owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This trade represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey David Puckett sold 5,174 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the completion of the sale, the chief operating officer directly owned 7,754 shares in the company, valued at approximately $2,868,437.22. This trade represents a 40.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,298 shares of company stock worth $2,658,721 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Summitry LLC lifted its position in shares of Tyler Technologies by 64.4% in the 1st quarter. Summitry LLC now owns 1,205 shares of the technology company’s stock worth $413,000 after purchasing an additional 472 shares during the period. Argent Capital Management LLC lifted its position in shares of Tyler Technologies by 209.4% in the 1st quarter. Argent Capital Management LLC now owns 91,158 shares of the technology company’s stock worth $31,211,000 after purchasing an additional 61,692 shares during the period. Bank of America Corp DE lifted its position in shares of Tyler Technologies by 10.5% in the 1st quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock worth $138,696,000 after purchasing an additional 38,508 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Tyler Technologies in the 1st quarter worth about $2,739,000. Finally, Centaurus Financial Inc. lifted its position in shares of Tyler Technologies by 2.2% in the 1st quarter. Centaurus Financial Inc. now owns 14,681 shares of the technology company’s stock worth $5,027,000 after purchasing an additional 316 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

TYL stock opened at $313.54 on Friday. The firm has a market cap of $13.22 billion, a P/E ratio of 43.31, a P/E/G ratio of 2.08 and a beta of 0.86. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34. The firm’s fifty day moving average is $332.73 and its 200 day moving average is $388.81.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The business had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, analysts forecast that Tyler Technologies will post 9.89 EPS for the current year.

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.