Piper Sandler Initiates Coverage on Tyler Technologies (NYSE:TYL)

Analysts at Piper Sandler started coverage on shares of Tyler Technologies (NYSE:TYL) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $450.00 price target on the technology company’s stock. Piper Sandler’s price target indicates a potential upside of 42.35% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. Zacks Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Barclays increased their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Guggenheim initiated coverage on Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. One research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $454.44.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $316.13 on Monday. The company has a market cap of $12.95 billion, a P/E ratio of 41.93, a PEG ratio of 2.13 and a beta of 0.84. The business has a 50 day moving average of $335.54 and a two-hundred day moving average of $325.04. Tyler Technologies has a 52 week low of $270.71 and a 52 week high of $526.47. 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 announced its quarterly 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. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $647.95 million. During the same period in the prior year, the firm earned $2.91 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, analysts anticipate that Tyler Technologies will post 10.13 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 9,250 shares of the business’s 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 directly owned 100,392 shares of the company’s stock, valued at $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey Puckett sold 8,500 shares of the company’s stock in a transaction 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 sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Tyler Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in shares of Tyler Technologies by 47.0% during the second quarter. Tidal Investments LLC now owns 7,038 shares of the technology company’s stock valued at $2,058,000 after acquiring an additional 2,251 shares during the period. Engineers Gate Manager LP acquired a new position in Tyler Technologies in the 2nd quarter worth approximately $1,172,000. C WorldWide Group Holding A S grew its position in Tyler Technologies by 30.3% during the 2nd quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company’s stock worth $11,219,000 after purchasing an additional 8,928 shares in the last quarter. NewEdge Advisors LLC grew its position in Tyler Technologies by 36.6% during the 2nd quarter. NewEdge Advisors LLC now owns 235 shares of the technology company’s stock worth $69,000 after purchasing an additional 63 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Tyler Technologies by 5.9% during the 2nd quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $168,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc (NYSE: TYL) provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.

The company’s offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.