Tyler Technologies, Inc. (NYSE:TYL) Receives $468.53 Consensus Price Target from Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $468.8667.

A number of equities research analysts recently weighed in on the stock. TD Cowen cut their price objective on shares of Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. DA Davidson reaffirmed a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday. Robert W. Baird set a $455.00 target price on Tyler Technologies in a report on Friday, May 1st. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a report on Friday, February 13th. Finally, Truist Financial set a $440.00 target price on Tyler Technologies in a report on Friday, May 1st.

Tyler Technologies Stock Up 0.8%

Shares of NYSE TYL opened at $297.95 on Wednesday. Tyler Technologies has a fifty-two week low of $283.71 and a fifty-two week high of $621.34. The firm’s 50-day simple moving average is $322.10 and its 200 day simple moving average is $372.20. The stock has a market cap of $12.56 billion, a P/E ratio of 41.15, a P/E/G ratio of 1.97 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the previous year, the business earned $2.78 earnings per share. The company’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, sell-side analysts anticipate that Tyler Technologies will post 10.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DV Trading LLC grew its holdings in Tyler Technologies by 444.2% during the first quarter. DV Trading LLC now owns 653 shares of the technology company’s stock worth $224,000 after acquiring an additional 533 shares during the period. Parallel Advisors LLC grew its holdings in Tyler Technologies by 33.7% during the first quarter. Parallel Advisors LLC now owns 667 shares of the technology company’s stock worth $229,000 after acquiring an additional 168 shares during the period. Integrated Investment Consultants LLC grew its holdings in Tyler Technologies by 39.0% during the first quarter. Integrated Investment Consultants LLC now owns 981 shares of the technology company’s stock worth $336,000 after acquiring an additional 275 shares during the period. Henshaw Capital LLC grew its holdings in Tyler Technologies by 161.1% during the first quarter. Henshaw Capital LLC now owns 6,673 shares of the technology company’s stock worth $2,285,000 after acquiring an additional 4,117 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in Tyler Technologies by 100.4% during the first quarter. Glenmede Trust Co. NA now owns 1,545 shares of the technology company’s stock worth $529,000 after acquiring an additional 774 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

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.