Needham & Company LLC Reiterates Buy Rating for Tyler Technologies (NYSE:TYL)

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They presently have a $750.00 price target on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 118.49% from the stock’s current price.

A number of other equities research analysts also recently commented on TYL. Stifel Nicolaus began coverage on Tyler Technologies in a report on Wednesday, January 7th. They issued a “buy” rating and a $550.00 price objective for the company. Piper Sandler lowered their price target on Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Oppenheimer cut their price target on shares of Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. DA Davidson decreased their price objective on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $607.57.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $343.27 on Tuesday. The firm’s 50 day moving average price is $441.69 and its two-hundred day moving average price is $497.07. 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 PE ratio of 47.74, a PEG ratio of 2.24 and a beta of 0.91.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction on 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 sale, the chief financial officer owned 12,781 shares of the company’s stock, valued at $5,995,311.48. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,500 shares of company stock valued at $1,605,605 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Lazard Freres Gestion S.A.S. lifted its holdings in Tyler Technologies by 150.0% during the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company’s stock valued at $2,615,000 after purchasing an additional 3,000 shares during the last quarter. General American Investors Co. Inc. increased its holdings in shares of Tyler Technologies by 7.2% in the third quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company’s stock valued at $23,218,000 after purchasing an additional 3,000 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Tyler Technologies by 11.4% in the third quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after purchasing an additional 144,612 shares during the period. ProShare Advisors LLC lifted its stake in shares of Tyler Technologies by 7.8% during the 2nd quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock worth $6,824,000 after buying an additional 834 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Tyler Technologies by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after buying an additional 3,894 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies News Roundup

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

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.