Tyler Technologies (NYSE:TYL – Get Free Report) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.
TYL has been the subject of several other research reports. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. Cantor Fitzgerald boosted their target price on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Tuesday, April 28th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $470.47.
Check Out Our Latest Analysis on Tyler Technologies
Tyler Technologies Price Performance
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business had revenue of $613.50 million during the quarter, compared to the consensus estimate of $608.66 million. During the same period in the previous year, the company posted $2.78 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts expect that Tyler Technologies will post 10.04 EPS for the current fiscal year.
Institutional Trading of Tyler Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tema ETFs LLC raised its stake in shares of Tyler Technologies by 69.5% in the second quarter. Tema ETFs LLC now owns 873 shares of the technology company’s stock worth $255,000 after purchasing an additional 358 shares during the last quarter. Generali Investments Management Co LLC boosted its position in shares of Tyler Technologies by 53.4% during the second quarter. Generali Investments Management Co LLC now owns 3,487 shares of the technology company’s stock valued at $1,020,000 after buying an additional 1,214 shares during the last quarter. West Financial Advisors LLC boosted its position in shares of Tyler Technologies by 15.9% during the second quarter. West Financial Advisors LLC now owns 1,680 shares of the technology company’s stock valued at $491,000 after buying an additional 231 shares during the last quarter. Czech National Bank grew its holdings in Tyler Technologies by 2.4% during the second quarter. Czech National Bank now owns 12,002 shares of the technology company’s stock worth $3,510,000 after buying an additional 284 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Tyler Technologies by 4.8% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 4,380 shares of the technology company’s stock worth $1,281,000 after buying an additional 200 shares in the last quarter. 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.
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