Tyler Technologies (NYSE:TYL) Given New $500.00 Price Target at Needham & Company LLC

Tyler Technologies (NYSE:TYL) had its price objective raised by analysts at Needham & Company LLC from $400.00 to $500.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC‘s target price would indicate a potential upside of 29.35% from the stock’s current price.

A number of other research firms have also recently commented on TYL. BTIG Research restated a “buy” rating and issued a $400.00 price target on shares of Tyler Technologies in a report on Thursday, September 24th. Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $335.00 to $400.00 in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Piper Sandler began coverage on shares of Tyler Technologies in a research report on Monday, September 28th. They set an “overweight” rating and a $450.00 price objective on the stock. Finally, Guggenheim began coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $442.78.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $386.56 on Tuesday. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 2.57 and a beta of 0.85. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $517.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The stock’s 50 day moving average price is $348.75 and its two-hundred day moving average price is $338.95.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating the consensus estimate 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%. Tyler Technologies’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities analysts predict that Tyler Technologies will post 10.13 earnings per share for the current year.

Insider Activity

In related news, COO Jeffrey Puckett sold 8,500 shares of the company’s stock in a transaction dated 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 owned 7,784 shares in the company, valued at $2,774,528.96. This represents a 52.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H. Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction dated 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. The trade was a 8.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently bought and sold shares of TYL. Raiffeisen Bank International AG boosted its holdings in Tyler Technologies by 259.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock worth $28,000 after acquiring an additional 70 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Tyler Technologies during the second quarter valued at about $35,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Tyler Technologies during the second quarter valued at about $37,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Tyler Technologies by 75.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock worth $50,000 after purchasing an additional 63 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Tyler Technologies by 235.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the technology company’s stock worth $54,000 after purchasing an additional 113 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.