BTIG Research Reaffirms Buy Rating for Tyler Technologies (NYSE:TYL)

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a research report issued on Wednesday,Benzinga reports. They currently have a $420.00 target price on the technology company’s stock. BTIG Research’s price objective suggests a potential upside of 36.27% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. Oppenheimer lowered their price objective on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Barclays restated an “overweight” rating and issued a $425.00 target price on shares of Tyler Technologies in a research report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $468.87.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $308.21 on Wednesday. Tyler Technologies has a 1 year low of $283.71 and a 1 year high of $621.34. The firm has a market capitalization of $13.00 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. The stock has a fifty day moving average of $324.48 and a two-hundred day moving average of $375.12.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. The company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Equities research analysts predict that Tyler Technologies will post 9.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $349.14, for a total value of $567,003.36. Following the transaction, the director owned 5,298 shares of the company’s stock, valued at $1,849,743.72. The trade was a 23.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Tyler Technologies

A number of large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its position in Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. DV Equities LLC bought a new stake in shares of Tyler Technologies during the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new stake in shares of Tyler Technologies during the 4th quarter worth $29,000. Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter worth $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Tyler Technologies by 3,900.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. 93.30% of the stock is currently owned by 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.