Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $281.12 and last traded at $284.3550, with a volume of 87032 shares changing hands. The stock had previously closed at $287.71.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on TYL shares. Barclays upped their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. DA Davidson reaffirmed a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a research note on Tuesday, April 28th. Weiss Ratings downgraded Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $420.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $468.87.
Check Out Our Latest Report on Tyler Technologies
Tyler Technologies Trading Down 3.5%
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. The company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. Tyler Technologies’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts expect that Tyler Technologies, Inc. will post 10.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Tyler Technologies
A number of hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC increased its position in Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $29,000. Bayban acquired a new stake in Tyler Technologies during the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Tyler Technologies by 3,900.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. 93.30% of the stock is currently 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.
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