Piper Sandler began coverage on shares of Tyler Technologies (NYSE:TYL – Free Report) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $450.00 target price on the technology company’s stock.
Several other brokerages have also recently issued reports on TYL. Guggenheim assumed 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 lowered their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Weiss Ratings raised shares of Tyler Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $454.44.
View Our Latest Research Report on TYL
Tyler Technologies Price Performance
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. During the same period last year, the firm posted $2.91 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, equities analysts anticipate that Tyler Technologies will post 10.13 EPS for the current year.
Insider Activity at Tyler Technologies
In related news, CEO H Lynn Moore, Jr. sold 9,250 shares of Tyler Technologies stock in a transaction on Friday, August 28th. The stock was 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 of the company’s stock, valued at approximately $37,425,133.68. The trade was a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the transaction, the chief operating officer directly owned 7,784 shares of the company’s stock, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TYL. American Capital Management Inc. boosted its stake in shares of Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after acquiring an additional 76,903 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Tyler Technologies in the 1st quarter valued at about $2,739,000. Bank of America Corp DE purchased a new position in Tyler Technologies in the 2nd quarter valued at about $116,831,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tyler Technologies by 13.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after purchasing an additional 48,832 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Tyler Technologies during the 4th quarter worth about $9,379,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.
About Tyler Technologies
Tyler Technologies, Inc (NYSE: TYL) provides integrated software and technology services for the public sector. Its solutions are designed for state and local governments, courts, public safety agencies, schools, and other public-sector organizations, helping them manage administrative operations, deliver services, and engage with residents.
The company’s offerings include enterprise resource planning software, court and justice systems, public safety applications, property tax and assessment tools, permitting and licensing solutions, digital government platforms, data and analytics products, and payment services.
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