Tyler Technologies (NYSE:TYL) Stock Rating Lowered by Zacks Research

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

Several other research analysts have also recently issued reports on TYL. Guggenheim started coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target for the company. DA Davidson restated a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a research note on Wednesday, June 10th. Piper Sandler reduced their price objective on shares of Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a report on Friday, July 31st. TD Cowen decreased their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $456.72.

Tyler Technologies Price Performance

Shares of TYL opened at $378.79 on Wednesday. The stock has a fifty day moving average price of $324.49 and a 200 day moving average price of $325.32. The company has a market cap of $15.51 billion, a P/E ratio of 50.24, a PEG ratio of 2.47 and a beta of 0.84. 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 12 month low of $270.71 and a 12 month high of $566.58.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same period in the prior year, the company posted $2.91 EPS. The business’s revenue for the quarter 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. On average, research analysts forecast that Tyler Technologies will post 10.13 earnings per share for the current year.

Insider Activity

In other news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the transaction, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. American Capital Management Inc. grew its position in Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after purchasing an additional 76,903 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Tyler Technologies in the 1st quarter worth approximately $2,739,000. TimesSquare Capital Management LLC boosted its stake in shares of Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after buying an additional 7,913 shares during the period. Norges Bank acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at $921,035,000. Finally, ING Groep NV purchased a new position in shares of Tyler Technologies during the 4th quarter valued at $9,379,000. Institutional investors 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.