Tyler Technologies (NYSE:TYL) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Tyler Technologies (NYSE:TYL) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. TD Cowen lowered their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Barclays increased their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. DA Davidson reaffirmed a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Guggenheim assumed coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $456.72.

Tyler Technologies Stock Performance

NYSE:TYL opened at $306.14 on Tuesday. The firm has a 50 day simple moving average of $304.62 and a 200-day simple moving average of $330.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $12.54 billion, a PE ratio of 40.60, a P/E/G ratio of 2.06 and a beta of 0.81. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.03. The business had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior 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, equities analysts expect that Tyler Technologies will post 10.12 EPS for the current year.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently made changes to their positions in the business. DV Equities LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at $27,000. Salomon & Ludwin LLC boosted its stake in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Tyler Technologies during the fourth quarter worth about $29,000. Advisors Asset Management Inc. bought a new position in Tyler Technologies during the 1st quarter worth approximately $38,000. Finally, Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

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.