Tyler Technologies (NYSE:TYL) Given Buy Rating at BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $400.00 target price on the technology company’s stock. BTIG Research’s price target would indicate a potential upside of 21.92% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Guggenheim initiated coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective on the stock. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research note on Saturday, August 1st. TD Cowen reduced their price objective on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Finally, Zacks Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Price Performance

Shares of NYSE TYL traded down $4.45 during midday trading on Thursday, reaching $328.08. 15,787 shares of the company were exchanged, compared to its average volume of 751,483. The stock’s 50-day moving average price is $334.77 and its 200-day moving average price is $326.11. The stock has a market cap of $13.44 billion, a P/E ratio of 43.45, a PEG ratio of 2.18 and a beta of 0.84. Tyler Technologies has a one year low of $270.71 and a one year high of $531.94. 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 (NYSE:TYL) last posted its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share 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 analysts’ expectations of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, sell-side analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H. Moore, Jr. sold 9,250 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the transaction, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Tyler Technologies by 17.8% during the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares during the period. Patron Partners LLC increased its holdings in Tyler Technologies by 6.0% during the 4th quarter. Patron Partners LLC now owns 551 shares of the technology company’s stock worth $250,000 after purchasing an additional 31 shares during the period. IFP Advisors Inc increased its holdings in Tyler Technologies by 5.9% during the 2nd quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock worth $168,000 after purchasing an additional 32 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Tyler Technologies by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 13,816 shares of the technology company’s stock valued at $6,272,000 after purchasing an additional 35 shares during the period. Finally, Huntington National Bank increased its position in Tyler Technologies by 3.7% during the 4th quarter. Huntington National Bank now owns 1,305 shares of the technology company’s stock valued at $592,000 after purchasing an additional 46 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

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.