Tyler Technologies (NYSE:TYL) Hits New 1-Year Low – Here’s Why

Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $281.12 and last traded at $284.3550, with a volume of 87032 shares. The stock had previously closed at $287.71.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TYL. Truist Financial set a $440.00 target price on Tyler Technologies in a research note on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Weiss Ratings cut Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. BTIG Research reaffirmed a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, Barclays increased their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $468.87.

Tyler Technologies Trading Down 3.5%

The company’s 50-day moving average is $319.33 and its two-hundred day moving average is $367.92. The firm has a market cap of $11.71 billion, a P/E ratio of 38.31, a PEG ratio of 1.98 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.08. The firm had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 10.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds have recently modified their holdings of the company. DV Equities LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $27,000. Salomon & Ludwin LLC lifted its holdings in Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after acquiring an additional 61 shares during the period. Elyxium Wealth LLC bought a new stake in Tyler Technologies during the fourth quarter worth $29,000. Advisors Asset Management Inc. purchased a new position in Tyler Technologies in the first quarter worth $38,000. Finally, Bayban bought a new position in Tyler Technologies in the 4th quarter valued at $30,000. Institutional investors own 93.30% of the company’s stock.

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.