Tyler Technologies’ (TYL) “Buy” Rating Reiterated at DA Davidson

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $460.00 price target on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 48.64% from the company’s previous close.

Several other equities analysts have also recently weighed in on TYL. BTIG Research reaffirmed a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research note on Wednesday. Oppenheimer cut their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus lowered their price objective on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Finally, Barclays increased their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $468.87.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $0.54 during midday trading on Wednesday, reaching $309.46. The stock had a trading volume of 238,695 shares, compared to its average volume of 656,557. The stock has a 50-day moving average of $324.48 and a 200-day moving average of $375.12. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 42.63, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. Tyler Technologies has a 12-month low of $283.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, analysts forecast that Tyler Technologies will post 9.91 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at approximately $1,849,743.72. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Salomon & Ludwin LLC lifted its holdings 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 buying an additional 61 shares in the last quarter. DV Equities LLC bought a new stake in Tyler Technologies during the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in Tyler Technologies during the 4th quarter valued at about $29,000. Bayban bought a new stake in Tyler Technologies during the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares in the last quarter. 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.