Analysts Set Tyler Technologies, Inc. (NYSE:TYL) Price Target at $468.53

Tyler Technologies, Inc. (NYSE:TYL) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $468.5333.

A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Oppenheimer dropped their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research note on Friday, May 1st. DA Davidson reissued a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $420.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th.

Tyler Technologies Stock Up 2.8%

Shares of NYSE:TYL opened at $320.65 on Friday. Tyler Technologies has a 52 week low of $283.71 and a 52 week high of $621.34. The stock has a market capitalization of $13.52 billion, a P/E ratio of 44.29, a PEG ratio of 2.10 and a beta of 0.86. The firm has a fifty day simple moving average of $336.37 and a two-hundred day simple moving average of $392.75.

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

Insiders Place Their Bets

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at $2,868,437.22. This trade represents a 40.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel M. Pope sold 500 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the sale, the director owned 2,871 shares of the company’s stock, valued at $1,020,353.40. This trade represents a 14.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,298 shares of company stock worth $2,658,721. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors have recently made changes to their positions in TYL. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $38,000. NewEdge Advisors LLC lifted its holdings in shares of Tyler Technologies by 17.8% in the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after acquiring an additional 38 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $2,102,000. Geneos Wealth Management Inc. lifted its holdings in shares of Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Tyler Technologies by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

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.