DA Davidson Reiterates “Neutral” Rating for Tyler Technologies (NYSE:TYL)

Tyler Technologies (NYSE:TYL)‘s stock had its “neutral” rating restated by DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $510.00 price target on the technology company’s stock. DA Davidson’s target price points to a potential upside of 48.57% from the company’s current price.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus started coverage on Tyler Technologies in a research report on Wednesday, January 7th. They set a “buy” rating and a $550.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Piper Sandler dropped their price target on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. BTIG Research initiated coverage on shares of Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective for the company. Finally, TD Cowen began coverage on shares of Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating on the stock. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $607.57.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $343.27 on Tuesday. Tyler Technologies has a 52-week low of $320.23 and a 52-week high of $661.31. The stock has a market cap of $14.77 billion, a P/E ratio of 47.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. The firm has a 50 day moving average price of $441.69 and a two-hundred day moving average price of $497.07.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the transaction, the chief financial officer directly owned 12,781 shares in the company, valued at $5,995,311.48. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at $1,455,091.56. This represents a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,500 shares of company stock worth $1,605,605 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DLD Asset Management LP purchased a new stake in Tyler Technologies in the 2nd quarter valued at about $5,780,190,000. Norges Bank bought a new position in shares of Tyler Technologies in the second quarter valued at approximately $712,276,000. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 55.1% during the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after acquiring an additional 301,885 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after acquiring an additional 252,488 shares during the period. Finally, Impax Asset Management Group plc purchased a new position in Tyler Technologies in the fourth quarter worth $106,740,000. 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: Board approves $1 billion share repurchase plan — the large buyback reduces outstanding shares, supports EPS and signals management confidence, a likely near-term tailwind for the stock. Tyler Technologies Announces $1 Billion Share Repurchase Plan
• Positive Sentiment: Acquisition of For The Record (FTR) for ~$212.5M expands Tyler’s court-recording/digital evidence footprint and cross-sell opportunities in public-sector software — a strategic tuck-in that supports recurring SaaS revenue growth. Tyler Technologies Agrees to Buy For The Record for $212.5M
• Positive Sentiment: Multiple analysts reiterate bullish views (Needham reaffirmed Buy, TD Cowen reiterated Buy while trimming its target) — these notes reinforce investor conviction in Tyler’s SaaS momentum and defensive public-sector exposure. Renewed SaaS Momentum and Defensive Fundamentals Underpin Buy on Tyler Technologies
• Neutral Sentiment: Zacks notes earnings growth is expected but says Tyler may lack the right setup for an earnings beat in the next report — useful for near-term expectations but not a firm negative on the long-term thesis. Tyler Technologies (TYL) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: DA Davidson reaffirmed a Neutral rating (TP $510), reflecting that some analysts see upside but want more visibility on execution and margin leverage. DA Davidson Reaffirms Neutral on Tyler
• Negative Sentiment: Wells Fargo cut its price target from $470 to $420 and set an Equal Weight rating — a near-term headwind to sentiment that may cap upside until execution or guidance improves. Wells Fargo Lowers Price Target on Tyler

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.