JPMorgan Chase & Co. Cuts Tyler Technologies (NYSE:TYL) Price Target to $525.00

Tyler Technologies (NYSE:TYL) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $650.00 to $525.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 90.40% from the company’s previous close.

Several other analysts have also recently commented on the stock. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research report on Friday, May 1st. Weiss Ratings cut Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a report on Friday, May 1st. BTIG Research restated a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Finally, Barclays boosted their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $472.38.

Tyler Technologies Trading Down 1.1%

Shares of NYSE TYL opened at $275.73 on Tuesday. Tyler Technologies has a 1 year low of $270.71 and a 1 year high of $621.34. The firm’s 50-day moving average is $316.31 and its 200-day moving average is $363.96. The firm has a market capitalization of $11.63 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.86 and a beta of 0.83.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The business had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same period in the previous year, the firm posted $2.78 earnings per share. Tyler Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities research analysts anticipate that Tyler Technologies will post 10.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently modified their holdings of TYL. Pacer Advisors Inc. increased its stake in Tyler Technologies by 15.1% during the 1st quarter. Pacer Advisors Inc. now owns 35,978 shares of the technology company’s stock worth $12,318,000 after purchasing an additional 4,726 shares in the last quarter. DV Trading LLC boosted its holdings in shares of Tyler Technologies by 444.2% in the first quarter. DV Trading LLC now owns 653 shares of the technology company’s stock valued at $224,000 after buying an additional 533 shares during the period. Parallel Advisors LLC increased its position in shares of Tyler Technologies by 33.7% during the first quarter. Parallel Advisors LLC now owns 667 shares of the technology company’s stock worth $229,000 after acquiring an additional 168 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Tyler Technologies by 39.0% during the first quarter. Integrated Investment Consultants LLC now owns 981 shares of the technology company’s stock worth $336,000 after acquiring an additional 275 shares during the period. Finally, Henshaw Capital LLC raised its holdings in shares of Tyler Technologies by 161.1% during the first quarter. Henshaw Capital LLC now owns 6,673 shares of the technology company’s stock worth $2,285,000 after acquiring an additional 4,117 shares during the period. 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.