Tyler Technologies (NYSE:TYL) Upgraded at Guggenheim

Guggenheim upgraded shares of Tyler Technologies (NYSE:TYL) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Tyler Technologies in a research report on Tuesday. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Finally, Barclays boosted their target price 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 given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $470.47.

Tyler Technologies Trading Up 3.3%

Shares of Tyler Technologies stock opened at $297.55 on Wednesday. The business’s 50 day simple moving average is $303.92 and its 200-day simple moving average is $338.84. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 1.91 and a beta of 0.82. Tyler Technologies has a twelve month low of $270.71 and a twelve month high of $621.34.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. The business had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Sell-side analysts predict that Tyler Technologies will post 10.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. DV Equities LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $29,000. Bayban acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC grew its stake 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 purchasing an additional 78 shares during the last quarter. Institutional investors 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.