Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average rating of “Moderate Buy” by the eighteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $456.7222.

Several equities research analysts have recently commented on the stock. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday, August 1st. Piper Sandler dropped their target price on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, BTIG Research decreased their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th.

Insider Buying and Selling

In related news, CEO H. Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the sale, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at $37,425,133.68. This trade represents a 8.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tyler Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. American Capital Management Inc. lifted its holdings in Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock worth $33,876,000 after acquiring an additional 76,903 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Tyler Technologies during the first quarter worth about $2,739,000. Bank of America Corp DE acquired a new stake in shares of Tyler Technologies during the second quarter worth about $116,831,000. Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $921,035,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tyler Technologies by 13.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after purchasing an additional 48,832 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $331.18 on Friday. 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 has a market capitalization of $13.56 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84. Tyler Technologies has a one year low of $270.71 and a one year high of $538.90. The business has a 50 day simple moving average of $334.18 and a 200 day simple moving average of $326.34.

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

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler’s solutions to manage administrative, operational and citizen-facing functions.

The company’s product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.