BTIG Research Has Lowered Expectations for Tyler Technologies (NYSE:TYL) Stock Price

Tyler Technologies (NYSE:TYL) had its price target cut by BTIG Research from $420.00 to $400.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. BTIG Research’s price objective suggests a potential upside of 23.20% from the company’s previous close.

Several other research analysts have also recently issued reports on TYL. TD Cowen reduced their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler cut their price target on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a research report on Friday. 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 research note on Tuesday, June 23rd. Cantor Fitzgerald raised their target price on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $460.35.

Tyler Technologies Stock Performance

NYSE:TYL opened at $324.68 on Thursday. The firm has a 50-day simple moving average of $304.67 and a 200-day simple moving average of $334.70. Tyler Technologies has a one year low of $270.71 and a one year high of $621.34. The firm has a market cap of $13.69 billion, a P/E ratio of 43.06, a P/E/G ratio of 2.21 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data 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 10.70% and a net margin of 13.36%.The firm had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $648.01 million. During the same period in the prior year, the business posted $2.91 EPS. The firm’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. On average, research analysts predict that Tyler Technologies will post 10.04 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Several large investors have recently added to or reduced their stakes in the stock. American Capital Management Inc. raised its position in Tyler Technologies by 348.9% in the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after purchasing an additional 76,903 shares during the period. Principal Financial Group Inc. lifted its stake in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after purchasing an additional 43,421 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Tyler Technologies by 7.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after buying an additional 7,913 shares during the period. Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $921,035,000. Finally, Comerica Bank grew its stake in shares of Tyler Technologies by 67.2% in the fourth quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock valued at $13,424,000 after buying an additional 11,889 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Tyler Technologies

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Tyler Technologies reported second-quarter adjusted EPS of $3.08, ahead of the roughly $3.05 consensus estimate. Revenue increased 8.2% year over year to $645.1 million, while SaaS revenue rose 21.7% to $230.6 million. Record SaaS and total bookings, strong recurring revenue, and $118.5 million of free cash flow highlighted continued demand. Tyler Technologies Reports Second Quarter 2026 Results
• Positive Sentiment: The company authorized a new $1.5 billion share-repurchase program and repurchased approximately $505 million of stock during the quarter. Management also pointed to cloud momentum and reaffirmed full-year 2026 EPS guidance of $12.95 to $13.20, above the current analyst consensus cited in the reports. Barclays reaffirmed its Buy rating, while William Blair maintained a bullish view based on SaaS growth and AI expansion. Tyler Technologies Reports Strong Q2 Results, Expands Buybacks
• Neutral Sentiment: Tyler outlined plans for cloud-living pilots beginning in 2027, with referenceable clients expected in 2028, and is targeting an 85% maintenance-conversion rate by 2030. The strategy supports long-term recurring revenue growth, but the benefits are several years away. Tyler Outlines Cloud-Living Pilots
• Negative Sentiment: Second-quarter revenue of $645.1 million fell modestly short of Wall Street expectations near $648 million. Investors also appeared to want a guidance increase after the strong bookings and operating commentary; instead, the company maintained its outlook, including revenue guidance of $2.535 billion to $2.575 billion versus consensus near $2.6 billion. With TYL trading at an elevated earnings multiple, even a small revenue miss can pressure the stock. Why Tyler Technologies Stock Got Thrashed on Thursday

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.