Tyler Technologies (NYSE:TYL) Downgraded to “Hold” Rating by Zacks Research

Tyler Technologies (NYSE:TYL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

TYL has been the subject of several other reports. Piper Sandler decreased 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. Guggenheim started coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. TD Cowen reduced their price objective on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. BTIG Research decreased their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Stock Up 1.0%

Shares of Tyler Technologies stock opened at $378.79 on Wednesday. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 2.47 and a beta of 0.84. The stock has a 50-day simple moving average of $324.49 and a 200-day simple moving average of $325.32. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $566.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55.

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

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of Tyler Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. DV Equities LLC acquired a new position in Tyler Technologies in the 4th quarter valued at $27,000. Raiffeisen Bank International AG raised its holdings in Tyler Technologies by 259.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock worth $28,000 after acquiring an additional 70 shares during the period. Elyxium Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter worth $29,000. Bayban acquired a new position in Tyler Technologies during the 4th quarter worth $30,000. Finally, Quantbot Technologies LP bought a new stake in Tyler Technologies during the second quarter valued at about $35,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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.