Tyler Technologies (NYSE:TYL) Announces Quarterly Earnings Results

Tyler Technologies (NYSE:TYL) announced its quarterly earnings data on Wednesday. The technology company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.04, FiscalAI reports. The firm had revenue of $647.57 million for the quarter, compared to analysts’ expectations of $651.52 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $2.91 earnings per share.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $2.89 during mid-day trading on Thursday, reaching $363.79. 233,016 shares of the company were exchanged, compared to its average volume of 740,468. The stock has a market capitalization of $14.90 billion, a P/E ratio of 48.10, a P/E/G ratio of 2.57 and a beta of 0.85. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies has a twelve month low of $270.71 and a twelve month high of $489.92. The company’s 50-day simple moving average is $350.48 and its 200-day simple moving average is $338.14.

Insider Activity

In related news, CEO H. Moore, Jr. sold 9,250 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the sale, the chief executive officer owned 100,392 shares of the company’s stock, valued at $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey Puckett sold 8,500 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer directly 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.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler began coverage on shares of Tyler Technologies in a research report on Monday, September 28th. They issued an “overweight” rating and a $450.00 target price on the stock. The Goldman Sachs Group downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $395.00 to $345.00 in a research report on Thursday, October 8th. Zacks Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $335.00 to $400.00 in a report on Monday, October 12th. Finally, BTIG Research reaffirmed a “buy” rating and set a $400.00 price objective on shares of Tyler Technologies in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $442.78.

Tyler Technologies News Summary

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

• Positive Sentiment: Third-quarter adjusted earnings were $3.52 per share, exceeding analyst estimates of approximately $3.45–$3.48. Revenue increased 8.7% year over year to $647.6 million, while GAAP net income rose 12.7% to $95.1 million. Tyler Technologies Reports Third-Quarter 2026 Results
• Positive Sentiment: Recurring revenue grew 11.0%, subscription revenue rose 15.3%, and SaaS revenue climbed 21.2% to $242.2 million, supporting the company’s long-term cloud-transition story. Free cash flow reached a quarterly record of $277 million, and Tyler repurchased roughly $379 million of stock. Tyler Technologies Q3 Revenue and Cash Flow
• Positive Sentiment: Analyst sentiment remains supportive. DA Davidson reaffirmed a “Buy” rating with a $460 price target, while Needham raised its target to $500 from $400. TD Cowen also issued a “Buy” rating. DA Davidson Reaffirms Buy Rating
• Positive Sentiment: Tyler announced new selections of its priority-based budgeting solution by multiple government entities, adding evidence of continued public-sector demand. Tyler Technologies Government Customer Wins
• Neutral Sentiment: Management maintained its full-year adjusted EPS outlook of $12.95–$13.20, indicating that profitability expectations remain intact.
• Negative Sentiment: Quarterly revenue of $647.6 million fell short of Wall Street expectations near $651.5 million. Management also reduced the top end of its 2026 revenue guidance to $2.565 billion from $2.575 billion, while leaving the bottom end unchanged. Tyler Technologies Revenue Guidance Analysis
• Negative Sentiment: With the stock trading at a relatively high earnings multiple, investors may be especially sensitive to slower top-line growth or any indication that cloud and AI-driven growth will not accelerate quickly enough. Recent reported insider activity also showed sales by the CEO and COO, adding a minor sentiment overhang.

About Tyler Technologies

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.