Tyler Technologies (NYSE:TYL) Raised to “Strong-Buy” at Guggenheim

Tyler Technologies (NYSE:TYL) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on TYL. Barclays increased their price target on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. BTIG Research restated a “buy” rating and issued a $420.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Cantor Fitzgerald lifted their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $470.47.

Tyler Technologies Trading Up 1.5%

Shares of NYSE TYL opened at $288.45 on Wednesday. The stock has a market cap of $12.16 billion, a PE ratio of 39.84, a P/E/G ratio of 1.89 and a beta of 0.82. Tyler Technologies has a 12-month low of $270.71 and a 12-month high of $621.34. The company has a 50-day moving average of $304.20 and a 200 day moving average of $339.13.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The business had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts forecast that Tyler Technologies will post 10.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds have recently made changes to their positions in the stock. DV Equities LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at approximately $27,000. Salomon & Ludwin LLC lifted its stake in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Tyler Technologies during the fourth quarter worth $29,000. Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the first quarter worth $38,000. Finally, Bayban acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

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.