Tyler Technologies’ (TYL) Buy Rating Reiterated at BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $400.00 price target on the technology company’s stock. BTIG Research’s price objective points to a potential upside of 20.95% from the company’s previous close.

Several other research firms have also recently commented on TYL. UBS Group set a $395.00 price objective on Tyler Technologies in a research report on Saturday, August 1st. TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. Guggenheim started coverage on Tyler Technologies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. Barclays lifted their price objective on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Piper Sandler reduced their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Stock Down 0.5%

Shares of Tyler Technologies stock traded down $1.81 during midday trading on Thursday, hitting $330.72. The company had a trading volume of 45,311 shares, compared to its average volume of 751,573. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $13.54 billion, a P/E ratio of 43.68, a P/E/G ratio of 2.18 and a beta of 0.84. The company has a 50 day moving average of $334.77 and a 200 day moving average of $326.11. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $531.94.

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

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction dated 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 directly owned 100,392 shares of the company’s stock, valued at $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Bayban bought a new stake in Tyler Technologies during the fourth quarter valued at about $30,000. MV Capital Management Inc. bought a new stake in Tyler Technologies during the fourth quarter valued at about $37,000. Raiffeisen Bank International AG boosted its position in shares of Tyler Technologies by 259.3% during the second 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 last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Tyler Technologies during the fourth quarter worth $55,000. Finally, Quantbot Technologies LP bought a new position in shares of Tyler Technologies during the second quarter worth $35,000. 93.30% of the stock is owned by institutional investors.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to the public sector. Its customers include local governments, state agencies, courts, schools and other public-sector organizations that use Tyler’s solutions to manage administrative, operational and citizen-facing functions.

The company’s product portfolio includes enterprise resource planning and financial management software, property tax and assessment systems, court and justice applications, public safety and emergency communications solutions, planning and regulatory systems, school administration software, and platforms for digital government services and electronic payments.