Zacks Research downgraded shares of Tyler Technologies (NYSE:TYL – Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks reports.
TYL has been the subject of a number of other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. DA Davidson reissued a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. Barclays upped their target price on Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Piper Sandler dropped their target price on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, BTIG Research reduced their price target on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $456.72.
Read Our Latest Research Report on Tyler Technologies
Tyler Technologies Price Performance
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings data 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 business 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, sell-side analysts forecast that Tyler Technologies will post 10.13 EPS for the current year.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, COO Jeffrey Puckett sold 8,500 shares of the company’s 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 completion of the transaction, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Tyler Technologies
A number of large investors have recently bought and sold shares of the business. DV Equities LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the first quarter worth about $38,000. Bayban purchased a new stake in shares of Tyler Technologies during the fourth quarter worth about $30,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.
About Tyler Technologies
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.
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