Tyler Technologies’ (TYL) “Buy” Rating Reaffirmed at BTIG Research

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They presently have a $400.00 price target on the technology company’s stock. BTIG Research’s target price would suggest a potential upside of 21.06% from the stock’s previous close.

TYL has been the subject of several other reports. Piper Sandler dropped their price target on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Barclays boosted their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. TD Cowen lowered their price target on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $456.72.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $330.43 on Thursday. The company’s fifty day moving average price is $334.77 and its 200 day moving average price is $326.11. Tyler Technologies has a 1 year low of $270.71 and a 1 year high of $531.94. The stock has a market capitalization of $13.53 billion, a P/E ratio of 43.82, a P/E/G ratio of 2.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.

Tyler Technologies (NYSE:TYL) last posted 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. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same period last year, the firm posted $2.91 earnings per share. The company’s 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. As a group, equities research analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, COO Jeffrey Puckett sold 8,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the stock in a transaction 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 approximately $37,425,133.68. This represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Tyler Technologies

Hedge funds have recently made changes to their positions in the company. American Capital Management Inc. increased its holdings in Tyler Technologies by 348.9% during the 1st quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after acquiring an additional 76,903 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Tyler Technologies during the 1st quarter valued at about $2,739,000. Bank of America Corp DE purchased a new position in Tyler Technologies during the 2nd quarter valued at about $116,831,000. Norges Bank purchased a new position in Tyler Technologies during the 4th quarter valued at about $921,035,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Tyler Technologies by 13.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after acquiring an additional 48,832 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.