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

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report issued on Thursday, Benzinga reports. They currently have a $400.00 price objective on the technology company’s stock. BTIG Research’s target price indicates a potential upside of 21.55% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Barclays upped 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. TD Cowen decreased their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 27th. DA Davidson reaffirmed a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Guggenheim assumed coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of TYL traded down $3.46 during midday trading on Thursday, hitting $329.07. 110,008 shares of the company traded hands, compared to its average volume of 751,855. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 2.18 and a beta of 0.84. The firm has a 50 day moving average of $334.77 and a 200-day moving average of $326.11. 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 has a 52 week low of $270.71 and a 52 week high of $531.94.

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

Insider Transactions at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of the firm’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 completion of the sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H. Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the transaction, the chief executive officer directly owned 100,392 shares in the company, 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. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently made changes to their positions in the business. Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $30,000. MV Capital Management Inc. bought a new stake in Tyler Technologies in the fourth quarter valued at $37,000. Raiffeisen Bank International AG grew its position in Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in Tyler Technologies in the fourth quarter valued at $55,000. Finally, Quantbot Technologies LP acquired a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.