Tyler Technologies (NYSE:TYL) Given New $420.00 Price Target at Wells Fargo & Company

Tyler Technologies (NYSE:TYL) had its price objective lowered by research analysts at Wells Fargo & Company from $470.00 to $420.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 24.73% from the company’s current price.

A number of other equities research analysts also recently weighed in on TYL. Needham & Company LLC reissued a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $510.00 price objective on shares of Tyler Technologies in a report on Tuesday. Oppenheimer decreased their price target on shares of Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, Robert W. Baird set a $660.00 price target on Tyler Technologies in a research note on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.57.

Tyler Technologies Price Performance

Shares of NYSE TYL traded up $4.67 during midday trading on Wednesday, reaching $336.72. 272,758 shares of the company traded hands, compared to its average volume of 445,739. Tyler Technologies has a 52 week low of $320.23 and a 52 week high of $661.31. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 2.45 and a beta of 0.91. The stock has a 50-day moving average price of $444.14 and a 200 day moving average price of $498.15.

Insider Activity

In related news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the transaction, the chief financial officer owned 12,781 shares of the company’s stock, valued at $5,995,311.48. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,500 shares of company stock valued at $1,605,605 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Tyler Technologies

Large investors have recently added to or reduced their stakes in the stock. DLD Asset Management LP bought a new position in shares of Tyler Technologies in the second quarter worth approximately $5,780,190,000. Vanguard Group Inc. boosted its position in Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after buying an additional 234,916 shares during the last quarter. State Street Corp increased its stake in shares of Tyler Technologies by 1.8% in the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after acquiring an additional 34,178 shares during the period. Principal Financial Group Inc. grew its holdings in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after acquiring an additional 43,421 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after purchasing an additional 30,686 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies News Roundup

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Tyler announced a definitive agreement to acquire For The Record (a digital court‑recording pioneer), which management says will accelerate justice processes and add courtroom efficiencies — a deal that strengthens Tyler’s courts platform and recurring SaaS opportunity. For The Record Will Be Acquired by Tyler Technologies
• Positive Sentiment: Analysts at William Blair view the For The Record acquisition as strategic, saying it deepens Tyler’s courts moat and supporting their bullish stance on the stock. Tyler Technologies: Strategic For The Record Acquisition Deepens Courts Platform Moat and Supports Buy Rating
• Positive Sentiment: Needham & Company reaffirmed a Buy rating with a high $750 price target, signaling some sell‑side conviction that long‑term upside remains despite near‑term volatility. Needham Buy Rating
• Neutral Sentiment: TD Cowen and other analysts highlight renewed SaaS momentum and defensive fundamentals as reasons for continued Buy ratings, but some of these reports also trimmed targets — indicating confidence but tempered near‑term expectations. Renewed SaaS Momentum and Defensive Fundamentals Underpin Buy on Tyler Technologies
• Neutral Sentiment: DA Davidson reaffirmed a Neutral rating with a $510 price target — showing a wide dispersion of analyst views and price targets, which can increase intraday volatility as investors react to differing roadmaps for upside. DA Davidson Neutral Rating
• Negative Sentiment: TD Cowen cut its price target to $600 from $650 (while keeping a Buy), and several outlets reported differing deal valuations for For The Record (reports vary around ~$212.5M vs. a $258M enterprise value), creating short‑term uncertainty and likely contributing to selling pressure. Renewed SaaS Momentum and Defensive Fundamentals Underpin Buy on Tyler Technologies Tyler Technologies Inks $212.5M Deal to Acquire For The Record

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.