Tyler Technologies (NYSE:TYL) Upgraded to Strong-Buy at Zacks Research

Tyler Technologies (NYSE:TYL) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on TYL. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. TD Cowen reduced their price objective on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Barclays increased their target price on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Finally, Piper Sandler dropped their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $456.72.

Tyler Technologies Trading Down 2.3%

Shares of TYL stock opened at $306.14 on Tuesday. The firm’s 50-day simple moving average is $304.62 and its 200-day simple moving average is $330.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $621.34. The firm has a market cap of $12.54 billion, a P/E ratio of 40.60, a PEG ratio of 2.06 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. During the same period in the previous year, the firm earned $2.91 earnings per share. Tyler Technologies’s revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, equities analysts forecast that Tyler Technologies will post 10.12 EPS for the current year.

Institutional Trading of Tyler Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TYL. Advisors Asset Management Inc. bought a new stake in Tyler Technologies during the first quarter valued at $38,000. NewEdge Advisors LLC boosted its holdings in shares of Tyler Technologies by 17.8% in the 1st quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock valued at $146,000 after buying an additional 38 shares during the period. Woodline Partners LP bought a new stake in shares of Tyler Technologies during the 1st quarter valued at about $2,102,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after buying an additional 40 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Tyler Technologies by 12.5% during the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.