DA Davidson Reiterates Buy Rating on Tyler Technologies
DA Davidson maintains a buy rating for Tyler Technologies, setting a $460 price target.
Key Points
- DA Davidson reiterated its buy rating for Tyler Technologies, Inc. (NYSE:TYL) on June 10, 2026, with a price target of $460.
- Shares of Tyler Technologies are trading at $295.48, with a market cap of approximately $12.29 billion and a P/E ratio of 41.3.
- Recent insider activity includes purchases by Brenda Cline and Daniel Pope, each acquiring 452 shares on May 6, 2026.
DA Davidson has reiterated its buy rating on Tyler Technologies, Inc. (NYSE:TYL) with a price target of $460. Analyst Peter Heckmann maintained his positive outlook on the company on June 10, 2026, while the stock traded at $295.48.
Other Institutional Activity in Tyler Technologies
BlackRock, Inc. increased its holdings in Tyler Technologies by 223,468 shares, bringing its total to 4,341,012 shares valued at roughly $1.49 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported new positions, with 2,790,428 shares valued at $955.4 million and 2,407,398 shares valued at $824.2 million, respectively. T. Rowe Price Investment Management, Inc. boosted its stake by 171,004 shares, holding 2,059,479 shares worth about $705.1 million. Morgan Stanley significantly raised its position by 906,697 shares, ending with 1,936,997 shares valued at $663.2 million.
Tyler Technologies Stock Snapshot
Shares of NYSE:TYL are trading near $295.48. Tyler Technologies has a market cap of approximately $12.29 billion and a P/E ratio of 41.3, with a forward P/E of 20.3. The stock's beta is 0.814, indicating lower volatility compared to the market. Its 52-week range spans from $283.72 to $621.34, with a 50-day moving average of $322.30 and a 200-day moving average of $413.42. The company's current ratio is 1.001, and its debt-to-equity ratio stands at 1.348.
Recent Earnings
For its most recent earnings, Tyler Technologies reported revenue of $2.38 billion, growing by 8.6% year-over-year. The company achieved a net margin of 13.3% and a return on equity of 8.9%. Earnings per share were $7.23. The next earnings report is scheduled for April 29, 2026.
Insider Buying and Selling at Tyler Technologies, Inc.
On May 6, 2026, insider Brenda Cline purchased 452 shares of Tyler Technologies. On the same day, Daniel Pope also acquired 452 shares. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 10, 2026, DA Davidson maintained its buy rating with a $460 price target. Barclays also reiterated its buy rating on the same day, setting a target of $425. Cantor Fitzgerald and Evercore ISI Group both maintained hold ratings with targets of $360 and $375, respectively, on May 1, 2026. The consensus among analysts is a buy rating with an average price target of $443.48, based on 21 analyst opinions.
About Tyler Technologies
Tyler Technologies, Inc. is a leading provider of integrated software and technology management solutions for the public sector in the United States. Headquartered in Plano, Texas, the company operates in two segments: Enterprise Software and Platform Technologies. It offers a wide range of solutions, including public administration, public safety, and education services, as well as transformative technology solutions like cybersecurity and digital platforms. Led by CEO H. Lynn Moore Jr., Tyler Technologies employs approximately 7,703 people.
Bottom Line
DA Davidson's reiterated buy rating on Tyler Technologies with a $460 target reflects continued confidence in the company's performance. Investors closely watch such ratings to gauge market sentiment. As always, it's important to remember that these ratings reflect past analysis and may not account for recent developments.
See Also
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