Tyler Technologies (NYSE:TYL) Shares Down 4.4% – Time to Sell?

Tyler Technologies, Inc. (NYSE:TYL)’s share price dropped 4.4% on Tuesday . The stock traded as low as $303.65 and last traded at $303.8690. Approximately 167,067 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 698,842 shares. The stock had previously closed at $317.96.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TYL shares. Cantor Fitzgerald increased their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Barclays upped their price target on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. BTIG Research reaffirmed a “buy” rating and issued a $420.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $470.47.

Tyler Technologies Stock Performance

The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.82. The company has a 50-day simple moving average of $304.41 and a two-hundred day simple moving average of $340.17.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 10.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TYL. Principal Financial Group Inc. boosted its stake in shares of Tyler Technologies by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after buying an additional 43,421 shares during the period. TimesSquare Capital Management LLC raised its holdings in Tyler Technologies by 7.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after acquiring an additional 7,913 shares in the last quarter. Norges Bank bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $921,035,000. Comerica Bank grew its holdings in shares of Tyler Technologies by 67.2% during the 4th quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock worth $13,424,000 after purchasing an additional 11,889 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Tyler Technologies by 127.9% in the fourth quarter. SG Americas Securities LLC now owns 33,775 shares of the technology company’s stock worth $15,332,000 after purchasing an additional 18,952 shares during the period. 93.30% of the stock is owned by institutional investors.

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.