Tyler Technologies (NYSE:TYL) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Tyler Technologies (NYSE:TYL) issued its quarterly earnings data on Wednesday. The technology company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.04, FiscalAI reports. The company had revenue of $647.57 million for the quarter, compared to the consensus estimate of $651.52 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%.

Tyler Technologies Stock Performance

TYL stock traded down $17.32 during midday trading on Wednesday, reaching $361.30. 1,309,883 shares of the company’s stock traded hands, compared to its average volume of 743,370. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies has a 52-week low of $270.71 and a 52-week high of $510.19. The stock has a market cap of $14.80 billion, a P/E ratio of 47.92, a PEG ratio of 2.57 and a beta of 0.85. The stock’s 50-day moving average is $349.90 and its 200 day moving average is $338.60.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H. Moore, Jr. sold 9,250 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $37,425,133.68. The trade was a 8.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey Puckett sold 8,500 shares of the business’s 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 sale, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Key Tyler Technologies News

Here are the key news stories impacting Tyler Technologies this week:

• Positive Sentiment: Strong recurring and SaaS growth: Third-quarter revenue rose 8.7% year over year to $647.6 million, while recurring revenue increased 11.0% and SaaS revenue jumped 21.2% to $242.2 million. Subscription revenue grew 15.3% to $462.6 million. Tyler Technologies Q3 Revenue Rises 8.7% to $647.6 Million
• Positive Sentiment: Profitability and cash generation beat expectations: Non-GAAP EPS of $3.52 exceeded the $3.48 consensus, GAAP operating income rose 19.5% to $117.0 million, and free cash flow reached a quarterly record of $277.0 million. The company also repurchased approximately $379 million of stock during the quarter. Tyler Technologies Reports Third Quarter 2026 Results
• Positive Sentiment: Analyst support remains favorable: TD Cowen initiated or reiterated a Buy rating, while DA Davidson reaffirmed its Buy rating with a $460 price target. Needham also raised its target to $500 from $400, suggesting some analysts still see substantial upside. Tyler Technologies Receives a Buy from TD Cowen
• Positive Sentiment: New customer wins support future demand: Five cities and counties selected Tyler’s AI-powered Priority Based Budgeting solution, adding evidence of continued adoption among public-sector customers. Local Governments Turn to Tyler Technologies’ Priority Based Budgeting
• Neutral Sentiment: Tyler maintained its 2026 revenue outlook at $2.535 billion to $2.565 billion in the company’s earnings release, while non-GAAP EPS guidance remained $12.95 to $13.20.
• Negative Sentiment: Revenue missed expectations: Quarterly revenue of approximately $647.6 million was below analyst estimates ranging from $651.5 million to $651.6 million. For a premium-valued software stock, the softer top line outweighed the EPS beat.
• Negative Sentiment: Guidance became slightly less favorable: Management lowered the upper end of its full-year 2026 revenue range from $2.575 billion to $2.565 billion while leaving profit guidance unchanged, raising concerns about near-term growth momentum. Tyler Technologies slides on likely revenue disappointment
• Negative Sentiment: Recent insider activity shows two open-market sales and no purchases by company executives over the past six months, a modest additional sentiment overhang.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $400.00 target price on shares of Tyler Technologies in a research report on Thursday, September 24th. TD Cowen boosted their target price on shares of Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday. Guggenheim assumed coverage on Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Weiss Ratings upgraded Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. Finally, The Goldman Sachs Group downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $395.00 to $345.00 in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $442.78.

About Tyler Technologies

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.