Tyler Technologies’ (TYL) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Tyler Technologies (NYSE:TYL) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $460.00 price target on the technology company’s stock.

Several other analysts have also recently commented on the stock. Zacks Research cut shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Guggenheim started coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective on the stock. TD Cowen raised their target price on shares of Tyler Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday. BTIG Research reissued a “buy” rating and set a $400.00 target price on shares of Tyler Technologies in a report on Thursday, September 24th. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $442.78.

Tyler Technologies Trading Up 3.3%

Shares of NYSE TYL opened at $372.75 on Tuesday. The stock has a market capitalization of $15.26 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.85. 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 business has a fifty day moving average price of $350.98 and a 200 day moving average price of $337.76. Tyler Technologies has a 1-year low of $270.71 and a 1-year high of $489.92.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.48 by $0.04. Tyler Technologies had a net margin of 13.51% and a return on equity of 11.64%. The business had revenue of $647.57 million during the quarter, compared to analyst estimates of $651.52 million. During the same period in the prior year, the firm posted $2.91 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts expect that Tyler Technologies will post 10.13 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the sale, the chief operating officer owned 7,784 shares in the company, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief executive officer directly owned 100,392 shares in the company, valued at $37,425,133.68. This represents a 8.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Tyler Technologies by 17.8% in the 1st quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Tyler Technologies by 5.9% in the second quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $168,000 after purchasing an additional 32 shares during the period. Empirical Finance LLC increased its holdings in shares of Tyler Technologies by 4.0% in the second quarter. Empirical Finance LLC now owns 1,416 shares of the technology company’s stock valued at $414,000 after purchasing an additional 55 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Tyler Technologies by 75.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock worth $50,000 after purchasing an additional 63 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Tyler Technologies by 36.6% during the second quarter. NewEdge Advisors LLC now owns 235 shares of the technology company’s stock worth $69,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Key Stories Impacting Tyler Technologies

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

• Positive Sentiment: Strong SaaS momentum: Third-quarter SaaS revenue rose 21.2% year over year to $242.2 million, while subscription revenue increased 15.3% to $462.6 million. Management outlined a path toward approximately 20% SaaS growth through 2030, with Cloud Living product rollouts targeted for early 2027. Tyler outlines path to 20 percent SaaS growth
• Positive Sentiment: Profit and cash flow beat expectations: Non-GAAP EPS was $3.52, above the $3.45-$3.48 analyst estimates and up from $2.91 a year earlier. Free cash flow reached a quarterly record of $277.0 million, while GAAP operating income climbed 19.5% to $117.0 million. TYL Q3 earnings beat estimates
• Positive Sentiment: Shareholder support and analyst backing: Tyler repurchased approximately $379 million of stock during the quarter. TD Cowen initiated or reiterated a Buy view, while Needham and DA Davidson also maintained positive ratings, supporting sentiment around the company’s cloud transition. Tyler Technologies receives a Buy from TD Cowen
• Neutral Sentiment: Mixed quarterly results: Revenue increased 8.7% year over year to $647.6 million, and recurring revenue rose 11.0%, but total revenue narrowly missed the roughly $651.5 million consensus estimate. Full-year 2026 EPS guidance remained $12.95-$13.20. Tyler Technologies reports third-quarter 2026 results
• Negative Sentiment: Revenue outlook narrowed: Management lowered the top end of its 2026 revenue forecast to $2.565 billion from $2.575 billion while leaving the bottom end unchanged. For a premium-valued software stock, the revenue miss and tighter outlook could limit upside despite healthy profitability and SaaS adoption.

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.