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TYL·Tyler Technologies, Inc.

$332.92
+2.01 (+0.61%)
High
$334.25
Open
$333.24
Market Cap
13.62B
52W High
$524.43
Low
$328.01
P. Close
$332.92
P/E
41.97
52W Low
$270.71
Fwd P/E
21.56
DailyIQ Est.
$444.34
Inst. Ownership
56.8%
Short Interest
8.26%
Days to Cover
4.5
Technical Score (1D)
41
BEARISH
News Sentiment
64
BULLISH
On Oct 7, Tyler Technologies announced that the South Carolina Department of Motor Vehicles would adopt its fully digital vehicle titling solution under the state’s existing Digital Government Services contract, replacing paper‑based processes with an electronic workflow that can process titles in as little as 24 hours. The win extends a more than 21‑year relationship with South Carolina and embeds Tyler’s transaction‑based digital services deeper into daily government operations. The contract demonstrates continued demand for Tyler’s mission‑critical GovTech solutions and reinforces the company’s position as a leading provider of state and local government technology.
LOW TARGET
$335 +0.6%
2 analysts
MEAN TARGET
$425 +27.6%
12 analysts
HIGH TARGET
$525 +57.7%
16 analysts
PRICE RANGE
$335.00 - $525.00
SB / B / H / S / SS
9/14/5/1/1
DAILYIQ EST.
$444.34 (+33.5%)
Sector
Technology
Industry
Software - Application
Exchange
NYQ
Country
United States
Symbol
TYL
Description
Tyler Technologies is a provider of comprehensive software and technology solutions designed specifically for the public sector. The company's core offerings are delivered through two primary segments, focusing on enterprise software and platform technologies. These solutions encompass a broad range of services, including digital platforms, data analytics, and cybersecurity measures, all tailored to meet the unique needs of government agencies. Tyler Technologies also provides specialized applications for public administration, financial management, property tax administration, and licensing. Furthermore, the company leverages a strategic partnership with Amazon Web Services to deliver cloud-based hosting services, enhancing its ability to provide scalable and secure solutions to its clients.
Bought (1Y)
0 shares
$0
Sold (1Y)
17,750 shares
$6.5M
Puckett Jeffrey DavidChief Operating Officer
Award/Grant16.155 shares2026-09-30
MOORE H LYNN JRPresident and CEO
Option Exercise9,250 shares2026-08-28
MOORE H LYNN JRPresident and CEO
Sell9,250 shares2026-08-28
MOORE H LYNN JRPresident and CEO
Option Exercise9,250 shares2026-08-28
Puckett Jeffrey DavidChief Operating Officer
Option Exercise8,500 shares2026-08-24
82/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
46.5%
Net Margin
13.5%
Revenue CAGR
13.9%
Current Ratio
1.05x
Debt / Equity
0.16x
Return on Equity
8.5%
Earnings Summary
Tyler Technologies is a software provider focused on public‑sector solutions, delivering enterprise applications for government agencies through digital platforms, data analytics, and cybersecurity, with a strategic partnership with Amazon Web Services to host cloud services. The company operates in the technology sector, specifically within software‑application services tailored to public administration, financial management, and licensing. In the most recent quarters, Tyler posted revenue of $541.1 M in Q4 2024, $565.2 M in Q1 2025, $596.1 M in Q2 2025, and $595.9 M in Q3 2025, showing a steady rise from Q4 2024 to Q2 2025 followed by a slight dip in Q3 2025; EPS grew from $2.43 in Q4 2024 to $2.78 in Q1 2025 and $2.91 in Q2 2025, with a modest decline to $2.97 in Q3 2025. The company consistently beat earnings estimates in the last four quarters, with EPS exceeding forecasts in Q1–Q3 2025, while revenue beat expectations in Q2 2025 and Q1 2026, though it fell short of the $596.9 M estimate in Q4 2025. Historically, Tyler has maintained a positive YoY revenue trajectory, with incremental growth each quarter and a pattern of EPS beats despite occasional revenue misses, indicating resilient profitability. Recent news highlights a record bookings announcement and robust free cash flow in Q2 2026, driven by a 21.7 % rise in SaaS revenue, and the successful Tennessee statewide cloud rollout, which expands its recurring revenue base; the acquisition of CODY Systems is expected to be accretive within 12–18 months, potentially boosting margins and cross‑sell opportunities.

EPS

EstBeatMiss
$2.52$2.78$3.05$3.32$3.59Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$3.47 - -
Q2'26$3.10$3.08-0.6%
Q1'26$3.04$3.09+1.8%
Q4'25$2.75$2.64-4.1%
Q3'25$2.86$2.97+3.9%
Q2'25$2.78$2.91+4.8%

Revenue

EstBeatMiss
$563M$590M$617M$644M$671MQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$658M - -
Q2'26$655M$645M-1.4%
Q1'26$615M$614M-0.3%
Q4'25$597M$575M-3.6%
Q3'25 - $596M -
Q2'25 - $596M -

Market Data

TYL Stock Snapshot

NEUTRAL41/100
$332.92+$2.01 (0.6%)
Market cap
13.62B
P/E ratio
42.0
Day range
$328.01 – $334.25
News sentiment
64/100 · Bullish
Analyst target
$424.77 (+27.6%)
Consensus
Buy · 30 analysts
52-week range+23.0% off low · -36.5% from high
$270.71$524.43
Price $332.92 DailyIQ Est. $444.34

Tyler Technologies, Inc. is consolidating: price is in the lower half of its 52-week range without a decisive push either way. Sector peers are worth watching - large caps in Technology tend to move together on rotation.

Reverse DCF

What growth is priced into TYL?

CHEAP

At today's price, Tyler Technologies, Inc. needs to grow free cash flow about 0.8% a year for the next 10 years to justify its valuation at a 8.22% cost of capital. Over its actual history it has compounded free cash flow at 22.0% a year, so the market is asking for 21.2 percentage points below its own delivered rate. On that basis TYL looks priced below what its own growth record supports.

Implied FCF growth
0.8%
Historical FCF CAGR
22.0%
Growth gap
-21.2 pts
Verdict
CHEAP
Discount rate (WACC)
8.22%
Beta
0.61

Behaviour On Record

What TYL's own history says about today's numbers

Realized volatility (21d)
48.5% 94th pct
Below its peak
-49.2%
vs 200-day average
-4.9%
Up days (1y)
50%

Tyler Technologies, Inc. is currently running 48.5% annualised volatility over the last 21 sessions. Measured against TYL's own 13 years of daily returns rather than a market-wide average, that is the 94th percentile — an extreme by its own standards, against a typical reading of 24.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

TYL is trading -49.2% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.9%, and the deepest was -45.0% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -4.9% from its 200-day moving average. Against every other day in its history, that gap ranks at the 23rd percentile — a narrower gap than it typically runs. Over the past year TYL closed higher on 50% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, TYL finished the month higher 8 of 13 times, with a median return of +2.5% and an average of +3.4%. Its strongest month historically has been July at +3.7% on average, its weakest February at -1.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: TYL has opened more than 2% away from the prior close in 128 of 3,268 sessions (3.9% of the time), with the largest gaps running +7.0% and -10.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, TYL moved an average of 5.5% in the session after earnings, closing higher 0 of those 3 times, with a median move of -5.2% and a largest of -7.1%.

All figures computed from 3,269 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against TYL's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of TYL's sector?

Tyler Technologies, Inc. sits in the Software sector, currently ranked 2nd of 12 GICS sectors by relative-strength rotation score (leading). Within its narrower Software industry group, TYL ranks 2nd of 15 tracked industries, leading.

Sector rank
#2 of 12
Sector state
Leading
Sector rotation score
100
Industry rank
#2 of 15

Options Market

What is the options market pricing for TYL?

CallsPuts

For Tyler Technologies, Inc.'s nearest expiry (2026-10-16, 9 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 2.90), with at-the-money implied volatility around 42.9%. The options market is pricing roughly a ±7.2% move by that expiry — a range of about $308.63–$356.37.

Put/call ratio (2026-10-16)
2.90
ATM implied volatility
42.9%
Total open interest
448
Expected move by 2026-10-16
±7.2% ($308.63–$356.37)

Analyst Rating Changes

Are analysts turning bullish or bearish on TYL?

Piper Sandler most recently reiterated its rating on Tyler Technologies, Inc. to Overweight on Sep 28, 2026 with a price target of $450 (from $491). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Piper Sandler — Overweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Sep 28, 2026Piper SandlerMaintainedOverweight$491 → $450
Sep 24, 2026BTIGReiteratedBuy$400
Jul 31, 2026Piper SandlerMaintainedOverweight$543 → $491
Jul 30, 2026BTIGMaintainedBuy$420 → $400
Jul 27, 2026TD CowenMaintainedBuy$450 → $400
Jul 23, 2026GuggenheimInitiatedBuy$440
Jun 23, 2026JP MorganMaintainedOverweight$650 → $525
Jun 10, 2026DA DavidsonMaintainedBuy$460
Jun 10, 2026BarclaysMaintainedOverweight$420 → $425
Jun 10, 2026BTIGReiteratedBuy$420
May 13, 2026DA DavidsonMaintainedBuy$460
May 4, 2026DA DavidsonMaintainedBuy$460

TYL Competitive Positioning

Tyler Technologies, Inc. (TYL) is tracked alongside these names in Software - Application on DailyIQ — ranked by market cap, with today's move alongside.

News Sentiment Analysis

Sentiment gathered from recent headlines

64/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Tyler Technologies announced that the South Carolina Department of Motor Vehicles will adopt its fully digital vehicle titling solution under the state’s existing Digital Government Services contract. The new system will replace paper‑based processes with an electronic workflow capable of processing titles in as little as 24 hours. This contract extends a more than 21‑year relationship with the state and deepens Tyler’s presence in mission‑critical government operations. The win signals continued growth in Tyler’s transaction‑based digital services and strengthens its foothold in the public sector. The expansion is expected to enhance operational efficiency for the DMV and reinforce Tyler’s market leadership in GovTech.
What did this article say?
On October 1, Tyler Technologies (TYL) was upgraded to a Zacks Rank #2 (Buy) following an upward trend in earnings estimates. The rating change reflects growing optimism about the company’s future profitability, as analysts anticipate stronger earnings in the current and upcoming fiscal years. The upgrade signals a positive market view of TYL’s earnings trajectory, potentially supporting a higher share price.
What did this article say?
Tyler Technologies announced that the South Carolina Department of Motor Vehicles will adopt its electronic titling solution under the existing Digital Government Services contract, extending a partnership that has lasted over 21 years. The new system will replace paper titles with a fully digital workflow, allowing titles to be processed in as little as 24 hours. The upgrade is expected to improve accuracy, operational efficiency, and collaboration among the DMV, dealers, and lenders. The expansion underscores Tyler’s growing presence in state government technology and reinforces its long‑term client relationships.
What did this article say?
Tyler Technologies announced that the South Carolina Department of Motor Vehicles will adopt its electronic titling services under the state’s Digital Government Services program. The agreement expands Tyler’s presence in state government technology and adds a new revenue stream from the DMV’s titling operations. The contract is expected to generate recurring fees and strengthen Tyler’s foothold in the public sector market.
What did this article say?
Piper Sandler upgraded Tyler Technologies, Inc. (TYL) to an Overweight rating and set a $450 price target, citing the company’s mission‑critical public‑sector software as resilient to market volatility. The brokerage highlighted Tyler’s deep integration in courts, justice, public safety, local government, and schools, noting its proprietary data and domain expertise as key competitive advantages. The upgrade reflects confidence that Tyler’s embedded workflows will sustain demand even amid broader software market bifurcation.
What did this article say?
Piper Sandler analyst Clarke Jeffries downgraded Tyler Technologies to an Overweight rating and reduced the price target from $491 to $450. The move reflects concerns about the company’s valuation relative to peers and potential earnings pressure. The downgrade signals a more cautious outlook for the firm’s short‑term growth prospects.
What did this article say?
BTIG analyst Allan Verkhovski reaffirmed a Buy recommendation for Tyler Technologies (TYL) on September 24, maintaining the $400 price target. The firm cited continued confidence in TYL’s product portfolio and market position. No new catalysts or earnings guidance were disclosed, indicating a steady outlook. The endorsement reflects positive sentiment but does not signal a material upside or new contract win.
What did this article say?
Fenimore Asset Management’s Q2 2026 investor letter spotlights Tyler Technologies (TYL) as a strong performer amid a broader tech rally driven by AI demand. The firm cites TYL’s robust earnings growth and strategic positioning in public sector software as key contributors to its portfolio’s outperformance relative to the Russell Midcap Index. Fenimore’s endorsement signals confidence in TYL’s continued expansion and potential upside, reinforcing bullish sentiment among investors.
What did this article say?
Tyler Technologies has been underperforming the Dow for the past year, yet analysts remain bullish. The consensus rating stays positive with expectations of continued growth in the public sector technology space. The company’s performance is expected to improve as it expands its product offerings and secures new contracts.
What did this article say?
Tyler Technologies (TYL) participated in the Piper Sandler 5th Annual Growth Frontiers Conference, where company executives outlined its strategic focus on expanding cloud-based solutions and enhancing customer retention. The presentation emphasized ongoing investments in data analytics and cybersecurity services for public sector clients. While the remarks reinforced TYL’s commitment to growth, no new financial guidance or material catalysts were disclosed, keeping the outlook broadly unchanged.

Technical Analysis

Real-time indicators across multiple timeframes

41
NEUTRAL
Technical indicators reflect the latest computed signal mix for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $7.30B combined position · 13 adding, 10 trimming, 2 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▼ Sell5,787,51614.19%$2.63B2026-01-29
BlackRock, Inc.▼ Sell3,863,4029.47%$1.13B2026-08-07
Norges Bank▲ Buy2,672,3466.55%$781.55M2026-08-12
Morgan Stanley▼ Sell1,603,9113.93%$469.08M2026-08-13
Geode Capital Management, LLC▼ Sell1,206,6762.96%$353.43M2026-08-12
Invesco Ltd.▲ Buy1,047,1672.57%$306.25M2026-08-14
Artisan Partners Limited Partnership▲ Buy704,6251.73%$206.07M2026-08-13
Neuberger Berman Group LLC▲ Buy459,4511.13%$134.37M2026-08-13
Northern Trust Corp▼ Sell448,3621.10%$131.13M2026-08-13
Goldman Sachs Group Inc▲ Buy440,5821.08%$128.85M2026-08-14
Bank of America Corp▼ Sell399,4780.98%$116.83M2026-08-14
Citadel Advisors LLC• Hold377,3930.93%$110.37M2026-09-02
Marshall Wace, LLP▲ Buy350,2020.86%$102.42M2026-08-13
Balyasny Asset Management L.P.▲ Buy324,1590.79%$94.80M2026-08-14
Citigroup Inc▲ Buy282,7100.69%$82.68M2026-08-03
JPMorgan Chase & Co▼ Sell281,5070.69%$81.85M2026-08-12
Wells Fargo & Company▲ Buy265,7000.65%$77.71M2026-08-14
Wellington Management Group LLP▲ Buy254,3910.62%$74.40M2026-08-14
William Blair Investment Management, LLC▼ Sell215,7480.53%$73.87M2026-05-08
Janus Henderson Group plc• Hold162,3780.40%$55.59M2026-05-18
Loomis Sayles & Co L P▼ Sell183,4080.45%$53.64M2026-08-14
Susquehanna International Group, LLP▲ Buy158,4030.39%$46.33M2026-08-14
Gotham Asset Management, LLC▲ Buy77,6590.19%$22.71M2026-08-14
Two Sigma Investments, LP▲ Buy77,0390.19%$22.53M2026-08-14
Praesidium Investment Management Company, LLC▼ Sell67,6060.17%$19.77M2026-08-14
Q2 2026 flow:2.09M sh bought ($611.60M)991.9K sh sold ($290.08M)net +1.10M sh (+$321.52M)
Congressional Trading Activity
7 disclosed trades · ~$56.0K est. traded value · 4 buys, 3 sells
MemberChamberStateTypeAmountTradedFiled
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2026-08-182026-09-10
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2026-05-152026-06-08
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2026-04-142026-05-08
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-09-112025-10-22
Lisa McClainHouseMI09▲ Buy$1K - $15K2025-08-132025-09-12
Valerie HoyleHouseOR04▲ Buy$1K - $15K2025-08-072025-09-12
Valerie HoyleHouseOR04▲ Buy$1K - $15K2025-06-062025-09-12