Tyler Technologies’ (TYL) “Buy” Rating Reaffirmed at DA Davidson

by · The Markets Daily

Tyler Technologies (NYSE:TYL – Get Free Report)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They currently have a $460.00 target price on the technology company’s stock. DA Davidson‘s price target would suggest a potential upside of 21.56% from the stock’s current price.

A number of other research firms have also recently issued reports on TYL. Guggenheim initiated coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price on the stock. Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $335.00 to $400.00 in a report on Monday, October 12th. Weiss Ratings raised shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Needham & Company LLC boosted their target price on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $442.78.

Get Our Latest Stock Report on TYL

Tyler Technologies Stock Performance

Tyler Technologies stock traded down $7.96 during midday trading on Tuesday, hitting $378.42. The company’s stock had a trading volume of 579,690 shares, compared to its average volume of 740,625. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $513.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50-day moving average price of $348.75 and a two-hundred day moving average price of $338.95. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 2.57 and a beta of 0.85.

Tyler Technologies (NYSE:TYL – Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS 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 analysts’ expectations of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, sell-side analysts predict that Tyler Technologies will post 10.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO H. Moore, Jr. sold 9,250 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $372.79, for a total transaction of $3,448,307.50. Following the completion of the sale, the chief executive officer owned 100,392 shares in the company, valued at approximately $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently modified their holdings of the company. V Square Quantitative Management LLC boosted its position in shares of Tyler Technologies by 16.6% in the third quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company’s stock valued at $380,000 after acquiring an additional 170 shares during the period. CX Institutional boosted its position in shares of Tyler Technologies by 13.3% in the third quarter. CX Institutional now owns 952 shares of the technology company’s stock valued at $303,000 after acquiring an additional 112 shares during the period. Tidal Investments LLC boosted its position in shares of Tyler Technologies by 47.0% in the second quarter. Tidal Investments LLC now owns 7,038 shares of the technology company’s stock valued at $2,058,000 after acquiring an additional 2,251 shares during the period. Engineers Gate Manager LP bought a new position in shares of Tyler Technologies in the second quarter valued at approximately $1,172,000. Finally, C WorldWide Group Holding A S lifted its position in Tyler Technologies by 30.3% during the second quarter. C WorldWide Group Holding A S now owns 38,361 shares of the technology company’s stock valued at $11,219,000 after purchasing an additional 8,928 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

About Tyler Technologies

(Get Free Report)

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.

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