Tyler Technologies, Inc. (NYSE:TYL) Stock Has Consensus Price Target of $453.89

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $453.89.

Several research firms recently weighed in on TYL. TD Cowen dropped their price objective on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Zacks Research cut shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Wells Fargo & Company upgraded Tyler Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $335.00 to $400.00 in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction on Friday, August 28th. The shares were sold at an average price of $372.79, for a total value of $3,448,307.50. Following the sale, the chief executive officer directly owned 100,392 shares of the company’s stock, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Tyler Technologies

Several large investors have recently added to or reduced their stakes in TYL. BlackRock Inc. acquired a new position in Tyler Technologies during the second quarter worth $1,129,890,000. T. Rowe Price Investment Management Inc. grew its stake in Tyler Technologies by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock valued at $857,274,000 after buying an additional 44,785 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Tyler Technologies by 20.1% during 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 acquiring an additional 291,564 shares during the period. Bank of America Corp DE increased its stake in shares of Tyler Technologies by 10.5% in the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock worth $138,696,000 after purchasing an additional 38,508 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Tyler Technologies by 13.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock worth $117,211,000 after purchasing an additional 48,832 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 4.0%

NYSE:TYL opened at $364.14 on Tuesday. 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 $524.43. The firm has a market capitalization of $14.91 billion, a PE ratio of 48.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.85. The business’s 50-day moving average is $341.68 and its two-hundred day moving average is $324.27.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts predict that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies, Inc (NYSE: TYL) provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.

The company’s offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.