Tyler Technologies (NYSE:TYL) Stock Price Target Raised at BTIG Research

Tyler Technologies (NYSE:TYL) had its price objective raised by BTIG Research from $400.00 to $430.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

TYL has been the subject of several other reports. DA Davidson reissued a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Tuesday. UBS Group set a $395.00 price target on Tyler Technologies in a report on Saturday, August 1st. The Goldman Sachs Group lowered Tyler Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $395.00 to $345.00 in a report on Thursday, October 8th. TD Cowen raised their price objective on shares of Tyler Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wells Fargo & Company upgraded shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $335.00 to $400.00 in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $438.53.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $394.26 on Friday. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $483.50. The business has a fifty day moving average price of $351.90 and a 200-day moving average price of $337.50. The company has a market capitalization of $16.15 billion, a PE ratio of 49.65, a PEG ratio of 2.46 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.55.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 28th. The technology company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.04. Tyler Technologies had a net margin of 13.51% and a return on equity of 12.21%. The firm had revenue of $647.57 million for the quarter, compared to the consensus estimate of $651.38 million. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Tyler Technologies will post 10.13 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H. Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the sale, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This represents a 52.20% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Several large investors have recently modified their holdings of TYL. BlackRock Inc. purchased a new stake in shares of Tyler Technologies during the second quarter valued at about $1,129,890,000. Principal Financial Group Inc. boosted its holdings 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 worth $597,681,000 after acquiring an additional 291,564 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Tyler Technologies by 10.5% during the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock valued at $138,696,000 after acquiring an additional 38,508 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tyler Technologies by 13.9% in 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 worth $117,211,000 after purchasing an additional 48,832 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in Tyler Technologies during the 2nd quarter worth approximately $88,645,000. Institutional investors own 93.30% of the company’s stock.

Key Headlines Impacting Tyler Technologies

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

• Positive Sentiment: Raised analyst targets: Wells Fargo raised its price target from $400 to $430 and assigned an “overweight” rating, while BTIG increased its target from $400 to $430 and maintained a “buy” rating. Wells Fargo price target report
• Positive Sentiment: Above-consensus earnings and strong recurring growth: Third-quarter adjusted earnings were $3.52 per share, ahead of estimates, while revenue rose 8.7% year over year to $647.6 million. SaaS revenue increased 21.2% to $242.2 million, and subscription revenue grew 15.3% to $462.6 million. TYL Q3 earnings report
• Positive Sentiment: Record cash flow and favorable profit guidance: Free cash flow reached a quarterly record of $277 million, up 11.9%. Tyler maintained fiscal 2026 adjusted EPS guidance of $12.95 to $13.20, above the $12.50 consensus estimate, suggesting continued margin strength.
• Positive Sentiment: Long-term cloud outlook: Management outlined a path toward approximately 20% SaaS growth through 2030, with additional Cloud Living rollouts targeted for early 2027. Tyler SaaS growth outlook
• Neutral Sentiment: Revenue outlook is mixed: Fiscal 2026 revenue guidance is approximately $2.535 billion to $2.565 billion, with the top end reduced from $2.575 billion. The range is near or slightly below consensus, reflecting continued investor sensitivity to top-line growth.
• Negative Sentiment: Revenue miss and insider selling: The quarterly revenue result was modestly below Wall Street expectations, and recent reported insider activity consisted of sales by the CEO and COO, with no open-market purchases in the past six months.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.