Tyler Technologies, Inc. (NYSE:TYL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Tyler Technologies, Inc. (NYSE:TYL) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $472.3750.

TYL has been the subject of several research reports. Weiss Ratings downgraded Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. DA Davidson restated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Finally, Barclays lifted their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th.

Tyler Technologies Trading Down 0.1%

NYSE:TYL opened at $317.63 on Friday. Tyler Technologies has a 12 month low of $270.71 and a 12 month high of $621.34. The firm’s 50 day moving average is $309.26 and its 200 day moving average is $354.32. The stock has a market capitalization of $13.39 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same period in the prior year, the company earned $2.78 earnings per share. Tyler Technologies’s revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts predict that Tyler Technologies will post 10.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Tyler Technologies during the 4th quarter valued at $921,035,000. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 43.2% in the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after purchasing an additional 367,203 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $106,740,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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.