Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) CEO H. Moore, Jr. sold 9,250 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $372.79, for a total value of $3,448,307.50. Following the transaction, the chief executive officer directly owned 100,392 shares in the company, valued at approximately $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Tyler Technologies Stock Performance NYSE TYL opened at $363.48 on Tuesday. The company has a market cap of $14.88 billion, a P/E ratio of 48.21, a PEG ratio of 2.40 and a beta of 0.84. The company has a fifty day simple moving average of $327.32 and a 200 day simple moving average of $326.10. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $566.58.
Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The firm had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter in the prior year, the company posted $2.91 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tyler Technologies Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of Tyler Technologies by 29,674.6% during the 2nd quarter. California State Teachers Retirement System now owns 19,141,507 shares of the technology company’s stock worth $5,598,125,000 after buying an additional 19,077,219 shares in the last quarter. Guardian Wealth Advisors LLC NC bought a new position in shares of Tyler Technologies in the second quarter valued at approximately $445,000. Wedmont Private Capital purchased a new stake in shares of Tyler Technologies during the second quarter valued at approximately $235,000. Nvest Financial LLC increased its position in shares of Tyler Technologies by 32.4% during the second quarter. Nvest Financial LLC now owns 953 shares of the technology company’s stock valued at $279,000 after acquiring an additional 233 shares during the last quarter. Finally, Saudi Central Bank lifted its holdings in Tyler Technologies by 87.2% during the second quarter. Saudi Central Bank now owns 2,972 shares of the technology company’s stock worth $869,000 after acquiring an additional 1,384 shares during the period. 93.30% of the stock is owned by institutional investors. Wall Street Analyst Weigh In A number of equities analysts have issued reports on TYL shares. BTIG Research cut their price target on Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Piper Sandler dropped their target price on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. cut their target price on 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, TD Cowen decreased their price target on Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $456.72.
Get Our Latest Research Report on Tyler Technologies
(Get Free Report)
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.
Featured Stories Five stocks we like better than Tyler Technologies 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
Over the course of 2026, the market has swung from a "SaaSpocalypse" panic that pushed software-focused exchange-traded funds (ETFs) down by roughly 30% to a recognition that artificial intelligence (AI) could be a boon for the same companies it was previously expected to demolish.
However, despite this sell-off and subsequent rebound, the iShares Expanded Tech-Software Sector ETF (IGV -2.23%) remains down 4% over the last 12 months compared to the S&P 500's total returns of 21%.
While the fears of AI disruption may have begun to abate (at least for software-as-a-service stocks), there are still plenty of compelling opportunities in the space. Below, we will look at a top-tier option that remains 41% below its high and explain why the SaaS stock's once-in-a-decade valuation and wide moat make it an excellent long-term buy.
Premium Feature
Moneyball Superscore
81/100
Today's Change
(
-4.02
%) $
-15.24
Current Price
$
364.03
Tyler Technologies: Surviving (and thriving with) AI Tyler Technologies (TYL -4.02%) combines niche-specific vertical software onto a single, mission-critical platform that acts as the operating backbone for government agencies. Working with state and local entities, courts and justice departments, and school and public administration customers, Tyler and its platform benefit from high switching costs, as well as the inherent inertia of government agencies, which tend to be reluctant to overhaul their systems.
In addition to this customer stickiness, AI companies can't really sneak into Tyler's territory (at least, not without the company using it to its advantage) due to the extensive regulations around government agencies' behaviors, and the legal risks inherent to allowing "vibecoded" solutions to manage citizen or governmental data. Furthermore, Tyler Technologies has been a roll-up acquisition machine, targeting companies with software solutions for niche verticals (think jury selection algorithms or student transportation and bus routing) that its potential peers have no interest in competing with because of their small size.
Image source: Getty Images.
Despite being somewhat "weird" niche processes, these types of solutions are mission-critical for local governments. This means they can't easily be cut from government budgets, giving Tyler strong pricing power. It's the market leader at handling these types of vertical software solutions across government agencies and boasts decades of state- and municipality-specific insights and customizations that would be hard for any peer to replace without spending millions, if not billions of dollars. For example, DMV processes differ in some aspects across every state, but Tyler has customized its solutions state by state to comply with all necessary regulations.
Now the company is actively transitioning its government customers to the cloud with its SaaS solutions, enticing them to switch with the allure of AI-powered offerings. Tyler Technologies explains that only its cloud services customers can access AI offerings like document processing, permit review, reconciliations, resident support, and report writing.
With sales and SaaS revenue up 8% and 22%, respectively, and free-cash-flow margins continuing to march toward management's low-30% goal by 2030, it seems as though the AI trend is adding momentum to Tyler's SaaS shift rather than disrupting its business.
Tyler's once-in-a-decade valuation Though Tyler Technologies stock has jumped 22% in the last month, the company's valuation on a free-cash-flow basis still sits near a 10-year low.
TYL Price to Free Cash Flow data by YCharts.
Trading at just 23 times free cash flow (or 29 times even after accounting for stock-based compensation), Tyler remains more reasonably priced than it has been at any time over the past decade. This discount exists despite sales growth slowing only marginally from 15% annually over the last decade to an expected 9.5% this year, based on management's latest guidance.
Best yet, the company has been buying back its shares hand over fist. As the stock plummeted in 2026, management jumped in and lowered Tyler's outstanding share count by 6%, retiring a hefty chunk of stock at historically discounted valuations.
With management raising Tyler's 2030 free-cash-flow guidance to between $1.1 billion and $1.2 billion -- a range they say doesn't include the potential of acquisitions or new AI solutions -- the company's current market cap of just $15 billion could be outgrown quickly. Considering Tyler Technologies' track record of success at integrating acquisitions, paired with the fact that its newly purchased roll-ups have grown their sales twice as fast as the company's core businesses, there may be more upside in the S&P 500 stock than the market is giving it credit for today.
The transaction involved the exercise of 9,250 options at $205.66 per share and an immediate sale at $372.79 per share, totaling ~$3.4 million on Aug. 28, 2026. The traded volume was equal to 9% of the direct equity stake held before the filing, leaving the net common stock position unchanged.
BRENTWOOD, Tenn. & TYLER, Texas--(BUSINESS WIRE)--Ardent Health (NYSE: ARDT), a leading provider of healthcare in growing mid-sized urban communities across the U.S., today marked a milestone in its East Texas partnership as UT Health East Texas expanded specialty care into the new UT Tyler School of Medicine Building in Tyler – the first time patient services and physician training share a single hub in the region. The building now houses UT Health East Texas women's health, pulmonary, orthope.
BP (BP.L) has appointed Ian Tyler, former CEO of building group Balfour Beatty (BALF.L), as its permanent chairman, it said on Wednesday, having fired Albert Manifold in May after less than a year in the position, citing governance and conduct concerns.
Board member Amanda Blanc who oversaw both Manifold's and Tyler's appointments will not seek re-election at next year's annual general meeting and will step down once a successor for her has been found, BP said.
Tyler, also chairman of building materials firm Grafton Group (GFTU_u.L) and Senior Independent Director of mining company Anglo American (AAL.L), joined BP's board last year and had replaced Manifold on an interim basis in May.
"Given the significance of the role, Ian will review his existing board commitments to ensure that he can devote the appropriate time and attention to the company," BP said.
Manifold has said he disputed BP's version of events, which did not go into detail about the firm's conduct and governance concerns, and that he would not let this "false narrative" go unchallenged.
Manifold hired law firm Mishcon de Reya to represent him after his ouster, a source familiar with the situation told Reuters in May.
Manifold's surprise removal came just under eight months after he took office to help oversee a strategy revamp to refocus BP on its oil and gas business, and followed years of management churn at BP.
BP PLC (LSE:BP.) has appointed Ian Tyler as chair with immediate effect, making permanent the role he has held on an interim basis since May.
Tyler joined BP’s board as a non-executive director in April 2025 before becoming interim chair on 26 May 2026.
The appointment follows an extensive search covering internal and external candidates, BP said.
Tyler has held senior board roles across energy, natural resources, engineering and construction, and is currently chair of Grafton Group PLC (ISE:GFTU) and senior independent director of Anglo American PLC (LSE:AAL).
He previously chaired Cairn Energy and Vistry Group and served as a non-executive director at BAE Systems. Before moving into board roles, Tyler spent 17 years at Balfour Beatty, including eight years as chief executive.
BP senior independent director Dame Amanda Blanc said: “Ian brings significant experience providing challenge and support to executive teams, while maintaining strong governance and oversight on behalf of shareholders.
“These qualities have been evident during his time as Interim Chair, where he has secured the confidence of the board and executive management through his considered leadership, judgement and integrity.”
Tyler said his priorities would include developing the board and strengthening engagement with BP shareholders.
“I will lead the board's evolution, ensuring we have the depth, experience and capabilities needed to support the company's strategic priorities and long-term value creation,” he said.
BP separately said Blanc will not seek re-election at its 2027 annual general meeting and will leave the board once a successor has been appointed as senior independent director.
Tyler highlighted Blanc's “enormous contribution” to BP and said she would remain in place until her replacement was found.
Tyler will also review his existing external board commitments to ensure he can devote sufficient time to the BP chairmanship.
No Investment Advice
This content is published by Proactive Investors Limited and made available subject to the terms and conditions of use of its website (see Terms of Use).
Proactive Investors is a full-service financial newswire. We produce independent, objective financial journalism and do not provide personalised investment advice, act as a broker, or recommend specific securities to individual investors.
Financial content published on this Site is produced under the journalist exemption provided for in Article 20 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and in accordance with FCA guidance at PERG 8.12. Where a communication is not otherwise exempt, it is issued or approved for distribution in the UK by Proactive Investors Limited.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this communication.
This communication is intended for information purposes only and does not constitute investment advice, a personal recommendation, an offer, solicitation, or inducement to buy or sell any investment or financial product. Opinions and commentary reflect the views of the named author at the time of writing and are subject to change without notice.
This communication has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Before entering into any transaction, investors should consider suitability for their individual circumstances and should read the relevant prospectus, term sheet, subscription agreement, information memorandum, prospectus or other offering document in full.
Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise, and you may not recover the amount you invest.
This communication may contain information obtained from third parties, including credit ratings and financial data. Reproduction and distribution of third-party content in any form is prohibited except with the prior written consent of the relevant third party. Credit ratings are statements of opinion and should not be relied upon as investment advice.
Tyler joined the board as a nonexecutive director in April 2025 and was appointed interim chairman in May after BP removed Albert Manifold , citing “serious concerns” about governance and conduct.
Nebraska Expands Tyler Technologies' AI Enabled Solutions Footprint Following Successful Pilot Program Tyler Technologies, Inc. (NYSE: TYL) today announced that the state of Nebraska has selected Tyler’s Resident AI Assistant for statewide deployment following a successful pilot at the Nebraska Department of Motor Vehicles (DMV). The Nebraska DMV is also expanding its use of Tyler’s Document Automation platform to modernize motor carrier operations and strengthen compliance processes.
The statewide implementation builds on the success of the Nebraska DMV’s Resident AI Assistant, which provides residents with trusted information from verified state websites in more than 50 languages. Recently, Tyler and the state of Nebraska were recognized for the Center for Public Sector’s AI 50 award for the Resident AI Assistant. The solution improves access to services, reduces demand on agency staff, and delivers insights that help state leaders enhance digital services and better serve residents.
In addition to the statewide AI initiative, the Nebraska DMV is implementing Tyler’s Document Automation platform to support motor carrier vehicle identification number (VIN) validation processes. The solution is expected to provide 100% audit capability across nearly 500,000 VIN records while allowing staff to spend more time assisting residents. The rollout will begin on Nebraska.gov before expanding to participating agencies.
“The results from our DMV pilot demonstrated that AI improves resident experience while reducing pressure on agency resources,” said Mitch Greenwall, deputy director of the Nebraska DMV. “In just three months, the Resident AI Assistant answered more than 88,000 questions from over 38,000 users and helped reduce call volume by up to 20% in key service areas. Expanding this capability statewide will make government information more accessible for all Nebraskans.”
The Nebraska DMV pilot demonstrated significant resident engagement and operational benefits, including:
A 59% engagement rate among DMV website visitorsNearly 19% of interactions occurring outside normal business hoursUp to 20% reduction in Driver and License Services call volumeMore than 3,400 referrals to online services“Clients like the state of Nebraska are placing their trust in Tyler as they embrace the next generation of technology innovation,” said Franklin Williams, chief artificial intelligence officer for Tyler. “As the public sector explores the transformative potential of AI, they need solutions built on a foundation of security, data integrity, and deep domain expertise. Tyler is uniquely positioned to help clients harness AI responsibly and effectively, while laying the groundwork for future innovation.”
Unlike generic AI tools, Tyler AI is purpose-built for state and local government. Embedded directly into Tyler’s trusted solutions, Tyler AI delivers agentic and generative AI capabilities that help public sector organizations streamline operations, enhance decision-making, improve resident experiences, and increase employee productivity. Backed by decades of public sector expertise and insights from thousands of government clients, Tyler AI delivers practical, trusted intelligence while ensuring people remain at the center of every decision.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of technology solutions purpose-built exclusively for the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler’s solutions strengthen the core operations of government and help agencies turn insight into action for their communities. With more than 50,000 installations across 16,000 client locations, Tyler serves clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology’s GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.
#TYL_General
View source version on businesswire.com: https://www.businesswire.com/news/home/20260901790884/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
PLANO, Texas--(BUSINESS WIRE)---- $TYL #TylerTech--Tyler Technologies launches Alabama's new licensing platform supporting more than 1.2 million annual hunting and fishing licenses.
AWM Investment Company Inc. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 145,000 shares of the technology company’s stock, valued at approximately $535,000. AWM Investment Company Inc. owned 0.35% of Tyler Technologies as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. American Capital Management Inc. raised its holdings 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 worth $33,876,000 after acquiring an additional 76,903 shares during the period. Principal Financial Group Inc. lifted its stake in Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock valued at $660,089,000 after acquiring an additional 43,421 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Tyler Technologies during the 1st quarter worth approximately $2,739,000. TimesSquare Capital Management LLC grew its stake in shares of Tyler Technologies by 7.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock worth $50,707,000 after acquiring an additional 7,913 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. 93.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets Several research analysts recently commented on the stock. TD Cowen reduced their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 27th. Barclays lifted their target price on Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Truist Financial set a $440.00 price target on Tyler Technologies in a research note on Friday, May 1st. Cantor Fitzgerald upped their price objective on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, UBS Group set a $395.00 target price on shares of Tyler Technologies in a research note on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $456.72.
Check Out Our Latest Analysis on TYL Tyler Technologies Price Performance Shares of TYL opened at $349.82 on Wednesday. The company’s 50-day moving average is $311.74 and its 200-day moving average is $323.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $14.32 billion, a PE ratio of 46.39, a PEG ratio of 2.34 and a beta of 0.81. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $566.58.
Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million for the quarter, compared to analyst estimates of $647.95 million. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. Tyler Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current year.
(Free Report)
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.
Featured Stories Five stocks we like better than Tyler Technologies Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
American Capital Management Inc. bought a new position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 101,210 shares of the technology company’s stock, valued at approximately $29,600,000. Tyler Technologies accounts for about 1.3% of American Capital Management Inc.’s holdings, making the stock its 28th largest holding. American Capital Management Inc. owned about 0.25% of Tyler Technologies at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cerity Partners LLC boosted its holdings in shares of Tyler Technologies by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Tyler Technologies by 35.5% in the third quarter. Brown Brothers Harriman & Co. now owns 103 shares of the technology company’s stock worth $54,000 after buying an additional 27 shares in the last quarter. Glenmede Investment Management LP lifted its position in shares of Tyler Technologies by 4.9% in the third quarter. Glenmede Investment Management LP now owns 615 shares of the technology company’s stock worth $322,000 after buying an additional 29 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Tyler Technologies by 17.8% during the first quarter. Blue Trust Inc. now owns 199 shares of the technology company’s stock valued at $68,000 after buying an additional 30 shares during the last quarter. 93.30% of the stock is owned by institutional investors.
Analyst Ratings Changes Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Truist Financial set a $440.00 target price on shares of Tyler Technologies in a report on Friday, May 1st. DA Davidson restated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. dropped their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.
View Our Latest Analysis on TYL Tyler Technologies Trading Up 0.9% NYSE:TYL opened at $353.26 on Thursday. The firm has a 50-day simple moving average of $313.04 and a 200-day simple moving average of $323.50. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $566.58. The firm has a market cap of $14.47 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same quarter last year, the company earned $2.91 earnings per share. The firm’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. Equities analysts anticipate that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.
Insiders Place Their Bets In related news, COO Jeffrey David Puckett sold 8,500 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the transaction, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
Tyler Technologies Company Profile (Free Report)
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.
Featured Stories Five stocks we like better than Tyler Technologies Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
A month has gone by since the last earnings report for Tyler Technologies (TYL - Free Report) . Shares have added about 14.4% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Tyler Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
Tyler Technologies Q2 Earnings Beat Estimates, Revenues Rise Y/YTyler Technologies reported second-quarter 2026 non-GAAP earnings of $3.08 per share, which increased 0.9% year over year and surpassed the Zacks Consensus Estimate of $3.06.
Quarterly revenues increased 8.2% year over year to $645.1 million, missing the consensus estimate by 0.29%. The quarter was highlighted by accelerating SaaS adoption, record bookings, robust recurring revenue growth and record second-quarter free cash flow. Annualized recurring revenue (ARR) reached $2.24 billion, up 8.2% year over year.
TYL's Recurring Revenue Base Remains StrongRecurring revenues increased 8.2% year over year to $559.5 million, representing 86.7% of total revenues. Subscription revenues grew 12% to $453.7 million, reflecting continued customer migration toward Tyler Technologies' cloud-based offerings.
Management noted that recurring revenue growth continues to benefit from strong public-sector demand, healthy cloud migrations and increasing adoption of mission-critical software solutions. The company also raised its long-term recurring revenues, operating margin and free cash flow targets during its June Investor Day, underscoring confidence in its Tyler 2030 strategy.
TYL's SaaS Momentum Continues With Record BookingsSaaS revenues grew 21.7% year over year to $230.6 million, marking 22 consecutive quarters of at least 20% SaaS revenue growth. Transaction revenues increased 3.5% to $223.1 million.
Management highlighted record SaaS bookings and total bookings during the quarter, driven by healthy public-sector demand and continued cloud modernization initiatives. Governments remain focused on cybersecurity, digital transformation, operational efficiency and AI adoption, supporting a strong sales pipeline.
During the quarter, Tyler Technologies secured several notable wins, including another statewide Electronic Vehicle Registration, Title and Lien implementation expected to generate more than $10 million annually when fully adopted. The company also expanded AI deployments through agreements with customers such as Washtenaw County, the City of Doral and the State of Indiana.
TYL Delivers Healthy Profitability Despite Continued InvestmentsGAAP operating income was $95.1 million, while non-GAAP operating income increased 4.8% year over year to $165.7 million. Adjusted EBITDA increased 4.3% to $176.4 million.
Management attributed the profitability improvement to disciplined execution, an increasingly recurring revenue mix and continued operational efficiencies while maintaining investments in long-term growth initiatives.
Tyler Technologies Generates Record Free Cash FlowCash flow from operations increased 26.5% year over year to $124.4 million, while free cash flow jumped 34.7% to a record second-quarter level of $118.5 million.
The company also strengthened its financial position during the quarter by completing the $212.7 million acquisition of For The Record, issuing $1.4 billion of convertible senior notes and repurchasing 1.62 million shares for approximately $505 million. Tyler ended the quarter with more than $1 billion in cash and investments and announced a new $1.5 billion share repurchase authorization.
TYL Reaffirms 2026 OutlookFor full-year 2026, Tyler Technologies expects total revenues between $2.535 billion and $2.575 billion, non-GAAP earnings per share between $12.95 and $13.20, free cash flow margin of 26-28%, R&D expense of $245-$250 million and Capital expenditures of $18-$20 million.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.
VGM ScoresAt this time, Tyler Technologies has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Tyler Technologies has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerTyler Technologies is part of the Zacks Internet - Software and Services industry. Over the past month, VeriSign (VRSN - Free Report) , a stock from the same industry, has gained 2.8%. The company reported its results for the quarter ended June 2026 more than a month ago.
VeriSign reported revenues of $434.6 million in the last reported quarter, representing a year-over-year change of +6%. EPS of $2.38 for the same period compares with $2.21 a year ago.
VeriSign is expected to post earnings of $2.41 per share for the current quarter, representing a year-over-year change of +6.2%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for VeriSign. Also, the stock has a VGM Score of D.
Handelsbanken Fonder AB cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 61.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,351 shares of the technology company’s stock after selling 23,150 shares during the period. Handelsbanken Fonder AB’s holdings in Tyler Technologies were worth $4,197,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TYL. DV Equities LLC purchased a new stake in Tyler Technologies during the fourth quarter valued at $27,000. Salomon & Ludwin LLC grew its stake in shares of Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Tyler Technologies in the 4th quarter worth $29,000. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $38,000. Finally, Bayban purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at about $30,000. Institutional investors own 93.30% of the company’s stock.
Tyler Technologies Trading Down 0.0% Shares of NYSE TYL opened at $328.81 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $270.71 and a fifty-two week high of $578.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 2.17 and a beta of 0.81. The business’s 50 day moving average price is $305.56 and its 200-day moving average price is $325.81.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 10.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth TYL has been the subject of several recent research reports. Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Guggenheim assumed coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lowered their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Finally, Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Two analysts have 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’s stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $456.72.
View Our Latest Research Report on TYL
Tyler Technologies Profile (Free Report)
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.
Recommended Stories Five stocks we like better than Tyler Technologies Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEEmpowered Funds LLC Grows Holdings in Fair Isaac Corporation $FICO
NEXT HEADLINE »Axis Wealth Partners LLC Purchases 47,278 Shares of Vanguard Growth ETF $VUG
Tyler Technologies (TYL - Free Report) closed the last trading session at $312.45, gaining 1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $420.27 indicates a 34.5% upside potential.
The mean estimate comprises 22 short-term price targets with a standard deviation of $47.82. While the lowest estimate of $335.00 indicates a 7.2% increase from the current price level, the most optimistic analyst expects the stock to surge 68% to reach $525.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in TYL. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why TYL Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, eight estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%.
Moreover, TYL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much TYL could gain, the direction of price movement it implies does appear to be a good guide.
PLANO, Texas--(BUSINESS WIRE)---- $TYL #TylerTech--Tyler Technologies announced the Tennessee Comptroller of the Treasury has gone live with Tyler's Enterprise Assessment & Tax solution.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Time to Buy These Up-and-Coming Software Firms?Tyler Technologies NYSE: TYL said its second-quarter performance was marked by 21.7% growth in SaaS revenue, record SaaS bookings, record total bookings and record second-quarter free cash flow, as public-sector demand remained supported by government modernization and digital-transformation priorities.
Executive Chair, President and CEO Lynn Moore said the company also completed several strategic initiatives during the quarter, including an Investor Day outlining higher Tyler 2030 targets, a convertible debt offering, share repurchases and the acquisition of For The Record. Moore said the acquisition strengthens Tyler’s position in the Courts & Justice market.
Get Tyler Technologies alerts:
Motorola Approaches Buy Point As Analysts Boost Price Targets“Public sector demand remains healthy,” Moore said, citing government investment in cybersecurity, operational efficiency and constituent engagement. He added that Tyler is seeing continued momentum in transaction-based revenue, progress in cloud operations and early customer adoption of artificial intelligence offerings.
AI Adoption and Cloud Strategy Moore said AI has not disrupted or delayed decisions involving the company’s broader product portfolio or cloud conversions. While there is “a lot of excitement and energy” around Tyler’s AI products, he characterized the company’s core business environment as “business as usual.”
2 Must-Have Specialized ETFs for the Long-Term InvestorTyler is positioning AI capabilities as one of several incentives for customers to move from on-premises deployments to the cloud. Moore said certain AI features, cloud-only functions and the company’s planned Cloud Living Release Model will be available through cloud releases. The company is also working with customers on transitional pricing and plans to continue expanding incentives for cloud adoption.
The company expects AI to become a more meaningful contributor to revenue in the future rather than immediately. Chief Financial Officer Brian Miller said direct AI offerings remain a small share of new annual contract value, with more meaningful revenue contribution expected in roughly 12 to 18 months. Moore said AI-related revenue could become more material in the second half of 2027 and build further into 2028.
Moore said Tyler is testing three broad AI monetization approaches: embedding essential capabilities into products, subscription-based uplifts for AI functionality and outcome-based pricing. He said subscription uplift pricing is being received well, while the company continues to test pricing levels and outcome-based arrangements.
Among products gaining traction, Moore cited Document Automation, Resident AI Assistant and Priority Based Budgeting. He said Resident AI Assistant has been adopted by eight states, while Miller said annual recurring revenue for such deployments typically reaches multiple millions of dollars, though results vary by state.
Transactions, Bookings and Acquisitions Excluding a Texas contract, Tyler’s transaction revenue grew about 10%, according to Miller. He attributed the growth to higher transaction volumes, new customers and software arrangements funded through transaction-based revenue models.
Tyler’s largest software deals in both the first and second quarters were transaction-based rather than SaaS bookings, Miller said. One statewide contract for the company’s digital motor-vehicle titling and electronic-lien solution is expected to begin at about a $2 million annual recurring revenue run rate in early 2027 and could rise to more than $10 million as adoption becomes mandatory.
Miller said transaction-funded models can be particularly attractive for products involving citizen or business interactions with government, including digital titling and outdoor recreation services. Such arrangements can avoid the need for customers to use appropriated budget funds.
On the For The Record acquisition, Moore said Tyler remains as enthusiastic about the business as it was when it initially invested in the company 11 years ago. For The Record won an Australian opportunity valued at approximately $1.6 million in annual recurring revenue during the quarter, along with seven or eight additional deals, he said.
Moore said AI is also becoming a factor in Tyler’s acquisition analysis. The company is evaluating whether prospective acquisition targets can add AI capabilities and is scrutinizing products that could face displacement risks from AI.
Margins, Cash Flow and Capital Allocation Miller said Tyler’s spending outlook and hiring plans have not materially changed. The company expects margins to expand through the year, with the midpoint of its guidance implying roughly 100 basis points of margin expansion. Hiring is expected to remain relatively limited in the second half.
Record second-quarter free cash flow was aided by approximately $30 million less in cash taxes than in the comparable quarter a year earlier, primarily related to impacts from the One Big Beautiful Bill, Miller said.
Moore said share repurchases have become a higher capital-allocation priority due to management’s confidence in Tyler’s 2030 outlook, free-cash-flow profile and valuation. He said the company had repurchased more than 5.5% of shares outstanding year-to-date and expects to continue efforts to reduce its share count.
Product Demand and Customer Expansion Management said booking strength during the first half was driven by a broad volume of mid-sized and somewhat larger traditional deals rather than mega contracts. Miller said the company continues to see strength in requests for proposals and sales demonstrations, supporting expectations for continued bookings activity through the remainder of the year.
Moore said public-safety budgets appear stable and the company recorded competitive wins in the segment. He also pointed to cross-selling opportunities among larger customers that do not yet use all of Tyler’s core products. In one example, Tyler sold Enterprise Permitting & Licensing and Enterprise Environmental Health products to the Mississippi State Department of Health in a deal valued at about $700,000 in annual recurring revenue.
Tyler is also advancing its Cloud Living initiative, which aims to move customers to current product versions, cloud deployments and eventually a continuous-delivery model. Moore said the company plans to launch pilots during 2027 and expects to have referenceable customers in 2028. In Courts, Tyler has reduced the share of clients on legacy systems to 7% from 89% three years ago, he said.
About Tyler Technologies (NYSE:TYL)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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Tyler Technologies Right Now?Before you consider Tyler Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tyler Technologies wasn't on the list.
While Tyler Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
[url="]Tyler Technologies, Inc.[/url] (NYSE: TYL) announced today it has acquired CODY Systems, an established public safety company that provides software and
A decent-if-not-great earnings report pushed Tyler Technologies (TYL -3.06%) stock into the red on the second-to-last trading day of the week. The public sector-focused enterprise software company saw its share price sag by more than 3% on Thursday.
A mixed second quarter Tyler uploaded its second-quarter results just after market close on Wednesday. These showed that revenue for the specialty tech company grew by 8% year over year to $645 million. Of this, recurring revenue rose at a similar rate to just under $560 million.
Image source: Getty Images.
The growth dynamic was weaker with net income not under generally accepted accounting principles (non-GAAP, i.e., adjusted). This inched up less than 1% to $129 million, or $3.08 per share.
With those numbers, Tyler missed the average analyst consensus estimate of almost $648 million and narrowly beat the $3.07-per-share projection for adjusted net profit.
The company also said that it approved a share buyback plan last week. Its board of directors has authorized $1.5 billion for the repurchase of Tyler Class A common stock. It said the new program supersedes any previous ones, although the company could opt to make buys from older initiatives.
That leaves the door open for continued purchases under the latest program, which, as of July 29, had almost $1.75 billion left under authorization.
Today's Change
(
-3.06
%) $
-10.19
Current Price
$
323.31
Softness in software Tyler also proffered guidance for the full year 2026. It's forecasting revenue of almost $2.54 to under $2.58 billion for the year, and adjusted earnings per share (EPS) of $12.95 to $13.20. The consensus analyst estimates for the two metrics are nearly $2.56 billion and $12.89, respectively.
Software stocks have taken quite a beating over the past few months, lately on concerns that spending on artificial intelligence (AI) would cannibalize enterprise budget money devoted to software.
Tyler, then, probably needed a blowout quarter to bring the bulls back into its pen. To me, the company is more insulated than most as a go-to for the public sector, so investors should consider loading up on it when its price is relatively low.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tyler Technologies. The Motley Fool has a disclosure policy.
Tyler Technologies, Inc. (TYL) Q2 2026 Earnings Call July 30, 2026 8:30 AM EDT
Company Participants
Hala Elsherbini - Senior Director of Investor Relations
H. Moore - CEO, President & Chairman
Brian Miller - Executive VP & CFO
Conference Call Participants
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Matthew VanVliet - Cantor Fitzgerald & Co., Research Division
Joshua Reilly - Needham & Company, LLC, Research Division
Alexei Gogolev - JPMorgan Chase & Co, Research Division
Terrell Tillman - Truist Securities, Inc., Research Division
J. Lane - Stifel, Nicolaus & Company, Incorporated, Research Division
Tamjid Md Moinuddin Chowdhury - Guggenheim Securities, LLC, Research Division
Robert Oliver - Robert W. Baird & Co. Incorporated, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Trevor Walsh - Citizens JMP Securities, LLC, Research Division
Allan M. Verkhovski - BTIG, LLC, Research Division
Greyson Sklba - Goldman Sachs Group, Inc., Research Division
Andrew Sherman - TD Cowen, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Jonathan Ho - William Blair & Company L.L.C., Research Division
Mark Schappel - Loop Capital Markets LLC, Research Division
Clarke Jeffries - Piper Sandler & Co., Research Division
Presentation
Operator
Hello, and welcome to today's Tyler Technologies Second Quarter 2026 Conference Call. Your host for today's call is Lynn Moore, Executive Chair, President and CEO of Tyler Technologies. [Operator Instructions] And as a reminder, this conference is being recorded today, July 30, 2026.
I would like to turn the call over to Hala Elsherbini, Tyler's Senior Director of Investor Relations. Please go ahead.
Hala Elsherbini
Senior Director of Investor Relations
Thank you, and welcome to our call. With me today is Lynn Moore, Executive Chair, President and CEO; and Brian Miller, our Chief Financial Officer. In an effort to streamline our earnings communications and provide timely context around our quarterly earnings release, we published our prepared remarks yesterday, shortly after posting our full quarterly results release to the News section
Key Takeaways TYL beat Q2 earnings estimates as revenues rose 8.2% year over year and ARR reached $2.24 billion.Tyler Technologies posted record SaaS bookings and extended SaaS revenue growth above 20% to 22 quarters.TYL reaffirmed 2026 guidance after record free cash flow and continued cloud migration momentum. Tyler Technologies (TYL - Free Report) reported second-quarter 2026 non-GAAP earnings of $3.08 per share, which increased 0.9% year over year and surpassed the Zacks Consensus Estimate of $3.06.
Quarterly revenues increased 8.2% year over year to $645.1 million, missing the consensus estimate by 0.29%. The quarter was highlighted by accelerating SaaS adoption, record bookings, robust recurring revenue growth and record second-quarter free cash flow. Annualized recurring revenue (ARR) reached $2.24 billion, up 8.2% year over year.
TYL's Recurring Revenue Base Remains StrongRecurring revenues increased 8.2% year over year to $559.5 million, representing 86.7% of total revenues. Subscription revenues grew 12% to $453.7 million, reflecting continued customer migration toward Tyler Technologies' cloud-based offerings.
Management noted that recurring revenue growth continues to benefit from strong public-sector demand, healthy cloud migrations and increasing adoption of mission-critical software solutions. The company also raised its long-term recurring revenues, operating margin and free cash flow targets during its June Investor Day, underscoring confidence in its Tyler 2030 strategy.
TYL's SaaS Momentum Continues With Record BookingsSaaS revenues grew 21.7% year over year to $230.6 million, marking 22 consecutive quarters of at least 20% SaaS revenue growth. Transaction revenues increased 3.5% to $223.1 million.
Management highlighted record SaaS bookings and total bookings during the quarter, driven by healthy public-sector demand and continued cloud modernization initiatives. Governments remain focused on cybersecurity, digital transformation, operational efficiency and AI adoption, supporting a strong sales pipeline.
During the quarter, Tyler Technologies secured several notable wins, including another statewide Electronic Vehicle Registration, Title and Lien implementation expected to generate more than $10 million annually when fully adopted. The company also expanded AI deployments through agreements with customers such as Washtenaw County, the City of Doral and the State of Indiana.
TYL Delivers Healthy Profitability Despite Continued InvestmentsGAAP operating income was $95.1 million, while non-GAAP operating income increased 4.8% year over year to $165.7 million. GAAP earnings were $2.23 per share, while non-GAAP earnings came in at $3.08 per share. Adjusted EBITDA increased 4.3% to $176.4 million.
Management attributed the profitability improvement to disciplined execution, an increasingly recurring revenue mix and continued operational efficiencies while maintaining investments in long-term growth initiatives.
Tyler Technologies Generates Record Free Cash FlowCash flow from operations increased 26.5% year over year to $124.4 million, while free cash flow jumped 34.7% to a record second-quarter level of $118.5 million.
The company also strengthened its financial position during the quarter by completing the $212.7 million acquisition of For The Record, issuing $1.4 billion of convertible senior notes and repurchasing 1.62 million shares for approximately $505 million. Tyler ended the quarter with more than $1 billion in cash and investments and announced a new $1.5 billion share repurchase authorization.
TYL Reaffirms 2026 OutlookFor full-year 2026, Tyler Technologies expects total revenues between $2.535 billion and $2.575 billion, non-GAAP earnings per share between $12.95 and $13.20, free cash flow margin of 26-28%, R&D expense of $245-$250 million and Capital expenditures of $18-$20 million.
Zacks Rank & Other Stocks to ConsiderTyler Technologies currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Cisco Systems (CSCO - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Analog Devices have rallied 37.1% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 59.4% year over year.
Shares of Applied Materials have skyrocketed 101.1% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by 4 cents over the past 30 days, indicating a rise of 28.9% year over year.
Cisco Systems shares have surged 48.7% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year.
Tyler Technologies (TYL - Free Report) reported $645.1 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 8.2%. EPS of $3.08 for the same period compares to $2.91 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $646.95 million, representing a surprise of -0.29%. The company delivered an EPS surprise of +0.65%, with the consensus EPS estimate being $3.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tyler Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annualized Recurring Revenues (ARR): $2.24 million versus $2.27 million estimated by five analysts on average.Revenue- Subscriptions: $453.72 million versus the six-analyst average estimate of $460.62 million. The reported number represents a year-over-year change of +12%.Revenue- Professional services: $63.17 million compared to the $60.1 million average estimate based on six analysts. The reported number represents a change of +7.8% year over year.Revenue- Maintenance: $105.81 million compared to the $107.85 million average estimate based on six analysts. The reported number represents a change of -5.6% year over year.Revenue- Non-Recurring: $85.56 million compared to the $79.99 million average estimate based on six analysts. The reported number represents a change of +8.4% year over year.Revenue- Recurring: $559.53 million compared to the $568.46 million average estimate based on six analysts. The reported number represents a change of +8.2% year over year.View all Key Company Metrics for Tyler Technologies here>>>
Shares of Tyler Technologies have returned +10.6% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Tyler Technologies (TYL - Free Report) came out with quarterly earnings of $3.08 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $2.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.65%. A quarter ago, it was expected that this information management software provider would post earnings of $3.01 per share when it actually produced earnings of $3.09, delivering a surprise of +2.66%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Tyler Technologies, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $645.1 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $596.12 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tyler Technologies shares have lost about 26.6% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Tyler Technologies?While Tyler Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tyler Technologies was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.37 on $652.97 million in revenues for the coming quarter and $12.82 on $2.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Nebius Group (NBIS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This an AI-centric cloud platform is expected to post quarterly loss of $0.67 per share in its upcoming report, which represents a year-over-year change of -76.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Nebius Group's revenues are expected to be $535.03 million, up 409.1% from the year-ago quarter.
Tyler Technologies Inc (TYL) released its 8-K filing on July 29, 2026, detailing its financial performance for the second quarter ending June 30, 2026. The repo
Arrowstreet Capital Limited Partnership grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 238.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,172 shares of the technology company’s stock after buying an additional 123,431 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.42% of Tyler Technologies worth $59,975,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Caxton Associates LLP purchased a new stake in Tyler Technologies in the 1st quarter valued at about $5,098,000. Inceptionr LLC bought a new position in Tyler Technologies in the first quarter worth about $842,000. Walleye Capital LLC raised its stake in shares of Tyler Technologies by 287.6% during the 1st quarter. Walleye Capital LLC now owns 5,361 shares of the technology company’s stock worth $1,835,000 after acquiring an additional 3,978 shares in the last quarter. Alpha Family Trust purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at $250,000. Finally, Quantum Capital Management LLC NJ raised its stake in Tyler Technologies by 65.0% in the first quarter. Quantum Capital Management LLC NJ now owns 120,460 shares of the technology company’s stock valued at $41,243,000 after buying an additional 47,471 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In TYL has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. 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 research note on Monday. Cantor Fitzgerald boosted their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Truist Financial set a $440.00 target price on Tyler Technologies in a report on Friday, May 1st. Finally, Robert W. Baird set a $455.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $464.59.
Read Our Latest Stock Report on TYL
Tyler Technologies Trading Up 6.3% Shares of NYSE:TYL opened at $315.87 on Tuesday. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $621.34. The company has a market capitalization of $13.32 billion, a PE ratio of 43.63, a P/E/G ratio of 1.97 and a beta of 0.82. The firm has a 50 day simple moving average of $303.82 and a 200-day simple moving average of $337.22.
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 earnings per share for the quarter, beating 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 company had revenue of $613.50 million during the quarter, compared to analysts’ expectations of $608.66 million. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 10.04 EPS for the current fiscal year.
Tyler Technologies Company Profile (Free Report)
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.
Read More Five stocks we like better than Tyler Technologies AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL – Free Report).
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEArrowstreet Capital Limited Partnership Sells 26,267 Shares of The Boston Beer Company, Inc. $SAM
NEXT HEADLINE »Caxton Associates LLP Purchases Shares of 16,656 Veeco Instruments Inc. $VECO
American Capital Management Inc. raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 348.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 98,942 shares of the technology company’s stock after purchasing an additional 76,903 shares during the quarter. Tyler Technologies makes up approximately 1.8% of American Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding. American Capital Management Inc. owned approximately 0.23% of Tyler Technologies worth $33,876,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $921,035,000. Van ECK Associates Corp increased its holdings in Tyler Technologies by 43.2% in the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock worth $552,596,000 after purchasing an additional 367,203 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Tyler Technologies by 20.1% in the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Wellington Management Group LLP lifted its stake in Tyler Technologies by 72.5% in the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after buying an additional 252,488 shares during the period. Finally, Impax Asset Management Group plc acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $106,740,000. Institutional investors own 93.30% of the company’s stock.
Analysts Set New Price Targets Several analysts have recently commented on TYL shares. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research report on Friday, May 1st. BTIG Research reiterated a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a research report on Wednesday, June 10th. JPMorgan Chase & Co. cut their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Guggenheim began coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 target price on the stock. Finally, Cantor Fitzgerald raised their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $464.59.
View Our Latest Stock Analysis on Tyler Technologies
Tyler Technologies Stock Performance Shares of Tyler Technologies stock opened at $315.87 on Tuesday. The stock has a market capitalization of $13.32 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.97 and a beta of 0.82. Tyler Technologies, Inc. has a 52 week low of $270.71 and a 52 week high of $621.34. The stock has a 50 day moving average price of $303.82 and a two-hundred day moving average price of $337.22.
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 company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. During the same period in the prior year, the firm earned $2.78 earnings per share. Tyler Technologies’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. Research analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current year.
Tyler Technologies Company Profile (Free Report)
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.
Read More Five stocks we like better than Tyler Technologies AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL – Free Report).
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAmcor PLC $AMCR Shares Sold by Allspring Global Investments Holdings LLC
NEXT HEADLINE »MercadoLibre, Inc. $MELI is Dynamo Internacional Gestao DE Recursos LTDA.’s Largest Position
On July 27, 2026, Tyler Technologies Inc (TYL) shares rose 6.3% today, reflecting a recovery in the stock's price amidst a challenging year. The current price s
Key Takeaways TYL is set to report Q2 2026 results on July 29, with revenues expected to rise 8.53% year over year.TYL's cloud transition, SaaS migration & One Tyler strategy are expected to support recurring revenue growth.TYL's AI investments and higher-margin SaaS mix may aid margins, though R&D spending could weigh on results. Tyler Technologies, Inc. (TYL - Free Report) is scheduled to report second-quarter 2026 results on July 29, 2026, after market close.
The Zacks Consensus Estimate for second-quarter revenues is pegged at $647 million, implying an 8.53% increase from the year-ago quarter.
The consensus mark for earnings is pegged at $3.09 per share, indicating an increase of 86.2% from the year-ago quarter. The bottom-line estimate has been revised downward over the past 30 days.
TYL’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 1.97%.
Factors to Note Ahead of Tyler’s Q2 ResultsTyler Technologies appears well-positioned to sustain its growth trajectory, supported by resilient public-sector technology spending and continued migration toward cloud-based software. The company is expected to benefit from healthy government IT budgets, steady request-for-proposal activity and a robust sales pipeline, creating a favorable backdrop for bookings growth over the coming quarters.
Tyler's large domestic revenue base insulates the business from geopolitical uncertainty, allowing it to remain focused on long-term execution. The company’s cloud transition is likely to have remained the primary growth engine in the to-be-reported quarter. TYL’s efforts to standardize customers onto unified cloud platforms are also expected to have improved operational efficiency and added to its bottom line in the second quarter of 2026.
Continued migration of on-premise customers to software-as-a-service (SaaS) offerings, coupled with higher cross-selling opportunities under its "One Tyler" strategy, should have supported recurring revenue expansion in the to-be-reported quarter. Growing adoption of AI-powered solutions could have provided another meaningful tailwind in the to-be-reported quarter.
TYL is embedding AI capabilities across its portfolio, and its strategic acquisitions are expected to have broadened TYL’s addressable market. The ongoing shift toward higher-margin SaaS and transaction-based revenues is expected to have provided some support to margins.
However, increased operating expenses, particularly investments in R&D and AI initiatives, are likely to have partially offset these gains and kept overall operating margin under pressure in the to-be-reported quarter. Furthermore, TYL’s legacy maintenance and professional services businesses might have continued to moderate as customers migrate to the cloud.
Earnings Whispers for TYLOur proven model does not conclusively predict an earnings beat for Tyler Technologies this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Though Tyler carries a Zacks Rank #2, it has an Earnings ESP of -3.65%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Amphenol (APH - Free Report) has an Earnings ESP of +1.12% and sports a Zacks Rank #1 at present.
Amphenol shares have gained 13% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.
ASE Technology (ASX - Free Report) has an Earnings ESP of +21.21% and a Zacks Rank #2.
ASE Technology shares have surged 128.9% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.
Fortive (FTV - Free Report) has an Earnings ESP of +2.82% and a Zacks Rank #2 at present.
Fortive shares have gained 13% in the year-to-date period. Fortive is set to report second-quarter 2026 results on July 29.
On July 24, 2026, Tyler Technologies Inc (TYL) shares rose 3.1% to a current price of $297.15. The stock is trading within a 52-week range of $270.71 to $621.34
This week was one to forget for Tyler Technologies (TYL +3.12%) and its investors. The dynamic in tech stocks was a shift out of software titles and into companies active in the artificial intelligence (AI) hardware space.
Although Tyler is somewhat insulated from such potential disruption, its shares took quite a hit anyway. They fell by nearly 10% across the week, according to data compiled by S&P Global Market Intelligence.
Spending shifts In recent weeks, major tech companies have indicated that they aim to spend significant amounts of capital on AI hardware. This implies that the proportion of IT budgets will shift, perhaps meaningfully, from software to hardware -- hence that mirroring trend with tech investors.
Image source: Getty Images
Concerns about this grew significantly on Wednesday, when tech sector giant Alphabet reported its second-quarter earnings. The company did well during the quarter, as it frequently does, yet many investors were worried about management's pronouncements regarding capital expenditures.
The company increased its estimate for full-year 2026 capex to $195 billion to $205 billion, from $180 billion to $190 billion. And that's just the beginning -- it added that next year's spending will be much higher, although it didn't provide an estimate. Like other companies reporting recently, Alphabet cited the need to devote considerable capital to AI hardware.
Today's Change
(
3.12
%) $
8.99
Current Price
$
297.15
Public sector to the rescue? Tyler wasn't as badly affected by this as other software companies, as its client list consists entirely of public-sector entities. Since these tend to be less flexible about their budgets, if they're going to shift from spending on software to hardware, that change is likely to be gradual instead of sudden.
Personally, I wouldn't worry about Tyler getting hammered by this trend. It's done well servicing its niche, and its solutions are trusted and widely used throughout the public sector. I think the stock is now a juicy buy-on-weakness opportunity.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Tyler Technologies. The Motley Fool has a disclosure policy.
The market expects Tyler Technologies (TYL - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis information management software provider is expected to post quarterly earnings of $3.09 per share in its upcoming report, which represents a year-over-year change of +6.2%.
Revenues are expected to be $646.95 million, up 8.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.47% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Tyler Technologies?For Tyler Technologies, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.71%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Tyler Technologies will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Tyler Technologies would post earnings of $3.01 per share when it actually produced earnings of $3.09, delivering a surprise of +2.66%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Tyler Technologies doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Bank of New York Mellon Corp lessened its stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 48.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,754 shares of the technology company’s stock after selling 255,274 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.64% of Tyler Technologies worth $92,016,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in Tyler Technologies by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company’s stock worth $660,089,000 after buying an additional 43,421 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Tyler Technologies by 7.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 111,702 shares of the technology company’s stock valued at $50,707,000 after buying an additional 7,913 shares during the period. Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $921,035,000. Comerica Bank lifted its position in shares of Tyler Technologies by 67.2% in the fourth quarter. Comerica Bank now owns 29,571 shares of the technology company’s stock valued at $13,424,000 after buying an additional 11,889 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Tyler Technologies by 6.0% during the 4th quarter. UBS Group AG now owns 224,644 shares of the technology company’s stock worth $101,977,000 after acquiring an additional 12,673 shares during the period. 93.30% of the stock is owned by institutional investors.
Tyler Technologies Trading Down 5.7% NYSE:TYL opened at $299.88 on Wednesday. The stock has a 50 day simple moving average of $304.71 and a 200 day simple moving average of $341.36. The stock has a market cap of $12.65 billion, a P/E ratio of 41.42, a PEG ratio of 2.11 and a beta of 0.82. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $621.34.
Tyler Technologies (NYSE:TYL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. The firm had revenue of $613.50 million for 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 company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 10.04 EPS for the current year.
Analyst Upgrades and Downgrades A number of research analysts recently weighed in on the company. Robert W. Baird set a $455.00 target price on Tyler Technologies in a report on Friday, May 1st. Cantor Fitzgerald lifted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research report on Tuesday, April 28th. Finally, Truist Financial set a $440.00 target price on shares of Tyler Technologies in a research note on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $472.38.
Read Our Latest Stock Analysis on Tyler Technologies
About Tyler Technologies (Free Report)
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.
See Also Five stocks we like better than Tyler Technologies Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINED.A. Davidson & CO. Purchases 24,868 Shares of Toast, Inc. $TOST
NEXT HEADLINE »Acumen Wealth Advisors LLC Raises Stock Holdings in Walmart Inc. $WMT
On July 21, 2026, Tyler Technologies Inc TYL shares fell 5.7%, bringing the current price to $299.74. The stock has experienced significant volatility over the past year, trading as high as $621.34 and as low as $270.71. Year-to-date, TYL has declined by 34.0% and is down 46.5% over the last year.
GF Value™ verdict: Current price of $299.74 vs GF Value™ of $554.18 indicates a 45.9% upside potential.GF Score™ of 81/100 suggests a strong overall financial position.Notable signal: Financial Strength rank of 9/10 indicates robust financial stability. Is TYL Overvalued or Undervalued? Based on the current price of $299.74 and the GF Value™ estimate of $554.18, Tyler Technologies Inc is considered significantly undervalued. This presents a potential opportunity for value investors, as the stock is trading at a substantial discount of 45.9% below its calculated intrinsic value. The margin of safety indicated by this valuation allows for a buffer against unforeseen market fluctuations or company-specific risks.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the stock's current undervaluation, investors may find it appealing, but it's essential to consider the broader market conditions and the company's ability to sustain its growth trajectory moving forward.
How Does TYL's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 41.4x 98.0x Forward P/E 23.2x N/A Currently, TYL's P/E (TTM) of 41.4x is significantly below its 5-year median P/E of 98.0x, indicating that the stock is trading at a lower valuation compared to its historical averages. In conjunction with the forward P/E of 23.2x, this analysis supports the GF Value™ verdict that TYL is undervalued, suggesting that the market may not be fully recognizing the company’s potential for growth.
What Does TYL's GF Score™ Tell Us? Metric Rating GF Score™ 81 Financial Strength 9/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 1/10 The GF Score™ of 81/100 indicates a strong overall rating for Tyler Technologies, with particularly high marks in Financial Strength (9/10), Profitability (9/10), and Growth (10/10), showcasing the company's solid fundamentals and growth potential. However, the low Momentum rank of 1/10 indicates that the stock has struggled with price performance in the short term, which could be a concern for certain investors looking for immediate returns.
What Are Insiders Doing with TYL Stock? In the last three months, there have been no insider transactions reported for Tyler Technologies Inc. This lack of activity could suggest that insiders are not currently making significant moves, which may reflect their confidence in the company's long-term strategy or a wait-and-see approach as market conditions evolve.
What This Means for Investors Based on GF Value™, Tyler Technologies Inc is currently undervalued. With a significant margin of safety and strong financial fundamentals, TYL presents an intriguing opportunity for long-term investors, provided they are comfortable with the current market volatility.
For the complete analysis, visit the Tyler Technologies Inc TYL stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TYL's GF Score™?
The GF Score™ for Tyler Technologies Inc is 81/100, indicating a strong overall rating based on financial strength, profitability, growth, valuation, and momentum.
Is TYL overvalued or undervalued?
Tyler Technologies Inc is currently undervalued according to GF Value™, which estimates its fair value at $554.18 compared to the current price of $299.74.
What is TYL's P/E ratio?
The P/E ratio (TTM) for Tyler Technologies Inc is 41.4x, which is significantly below its 5-year median P/E of 98.0x, suggesting the stock is trading at a lower valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Pozitivní nálada vydržela po celou obchodní seanci. Obrat na čipovém sektoru udržel technologický NASDAQ výrazně v plusu. Přesto klasické technologie z magnificent 7 skončily v záporu (Amazon -0,98 %). To vše se dělo při stále rostoucí cenně ropy. Investoři sledují především čísla hospodaření a geopolitika šla mírně stranou.
Z čipového sektoru se dařilo především výrobci paměťových čipů Micron +12,04 %, Sandisk +14% či výrobce procesorů Intel +8,64 %.
Automobilový koncern General Motors po zveřejněných kvartálních výsledcích přidal + 4,87 %.
Obrat zažily jak cenné kovy (zlato +1,85 %) tak kryptoměny (Bitcoin +1,61 %). Z růstu kryptoměn těžily akcie burzy Coinbase +9,67 %.
Index Dow Jones +0,74 % na 52223,93 b.
S&P 500 +0,89 % na 7509,21 b.
Nasdaq Composite +1,29 % na 25837,21 b.
Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Tyler Technologies (TYL - Free Report) closed the last trading session at $317.96, gaining 15.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $429.62 indicates a 35.1% upside potential.
The mean estimate comprises 21 short-term price targets with a standard deviation of $55.16. While the lowest estimate of $334.00 indicates a 5% increase from the current price level, the most optimistic analyst expects the stock to surge 70.8% to reach $543.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for TYL, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in TYLThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 0.3% over the past month, as two estimates have gone higher compared to no negative revision.
Moreover, TYL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much TYL could gain, the direction of price movement it implies does appear to be a good guide.
SummaryTyler Technologies is rated Buy, offering a highly resilient government software platform with 98% gross retention and minimal AI disruption risk.TYL's cloud migration and cross-selling are clear catalysts, expected to drive recurring revenue and margin expansion through 2029, with upside even under moderate execution.DCF-based fair value is $466/share (55% upside), with TYL trading at a decade-low 18.1x forward EV/FCF, well below its historical median.Execution on cloud transition, government budget constraints, and competition are key risks, but current valuation does not require perfect execution for attractive returns. Supatman/iStock via Getty Images
Introduction The SaaS-pocalypse has come roaring back with Starbucks’ recent announcement that it is using AI to build internal software solutions to replace costly Microsoft and IBM systems. While it remains unclear how successful this effort
223 Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TYL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
PLANO, Texas--(BUSINESS WIRE)---- $TYL #TylerTech--Tyler Technologies will discuss its second quarter 2026 results during a conference call and webcast on Thursday, July 30, 2026.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Tyler Technologies (TYL - Free Report) Tyler Technologies is a leading provider of integrated information-management solutions and services for the public sector.
TYL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. TYL has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.4% for the current fiscal year.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.19 to $12.82 per share. TYL also boasts an average earnings surprise of +2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TYL should be on investors' short list.
Investors interested in stocks from the Internet - Software and Services sector have probably already heard of NetEase (NTES) and Tyler Technologies (TYL). But which of these two companies is the best option for those looking for undervalued stocks?
Promotion reflects the Company's continued investment in product leadership
ORLANDO, FL / ACCESS Newswire / July 13, 2026 / Unusual Machines, Inc. (NYSE American:UMAC), a leading manufacturer of NDAA-compliant drone components, today announced the promotion of Tyler Crane to Vice President of Product.
In his new role, Crane will lead product strategy across the Company's growing lineup of drone components, working closely with engineering, manufacturing, commercial teams, and customers to develop high-performance products that meet evolving customer requirements across our markets.
Crane has played a central role in shaping the Company's product roadmap and expanding its portfolio, helping bring the Aura camera line, Aura VTX, Brave F7 flight controller, Brave 55A electronic speed controller, motors, and other critical drone components to market. His experience leading products from concept through commercialization, while working directly alongside customers, pilots, engineers, and manufacturing teams, gives him a rare operational perspective that keeps customer requirements at the center of every product decision.
"Tyler has earned the trust of our customers and our team through years of hands-on experience across nearly every part of our business. He has a unique ability to translate customer feedback into products that deliver the performance our customers depend on. His leadership will help strengthen that connection as we continue to grow," said Drew Camden, President and Chief Operating Officer of Unusual Machines.
"The best product decisions start by understanding the customer's mission. My focus is on building the right products, solving real problems, and earning our customers' trust by listening first. I'm excited to help lead an exceptional team as we continue expanding our product portfolio and supporting our customers' success," said Tyler Crane.
As Unusual Machines continues to scale its domestic manufacturing operations and expand its portfolio of NDAA-compliant and Blue UAS Framework components, the Company is strengthening its product organization to strive to ensure that customer insights remain central to everything it brings to market.
About Unusual Machines, Inc.
Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032. For more information, please visit unusualmachines.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's expectation to continue to scale its domestic manufacturing operations and expand its portfolio of NDAA-compliant and Blue UAS Framework components and strive to ensure its customers' insights. Forward-looking statements are often identifiable by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "objective," "ongoing," "plan," "predict," "project," "potential," "should," "will," or "would," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for making each forward-looking statement contained in this press release, the Company cautions that these statements are based on a combination of facts and factors currently known by the Company and its expectations of the future, about which the Company cannot be certain. Forward-looking statements are subject to considerable risks and uncertainties, as well as other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: our reliance on third parties to deliver parts needed to manufacture our drone components; risks related to inventory management and potential obsolescence; uncertainty regarding government procurement programs and timelines; risks associated with our rapid expansion, the meeting of closing conditions and the various risk factors relating to manufacturing and other risks described within the section entitled "Risk Factors" in the Company's 2025 Annual Report on Form 10-K and in our Prospectus filed with the Securities and Exchange Commission on March 20, 2026. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances, except as required by law.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Tyler Technologies (TYL - Free Report) Tyler Technologies is a leading provider of integrated information-management solutions and services for the public sector.
TYL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. TYL has a Momentum Style Score of A, and shares are up 1.9% over the past four weeks.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.19 to $12.82 per share. TYL boasts an average earnings surprise of +2%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TYL should be on investors' short list.
For years, software specialist Tyler Technologies (TYL +5.28%) enjoyed a reputation as a company that was difficult to displace due to its niche public-sector focus. That changed last year, when investors fled from software names broadly in fear of the disruption the rise of artificial intelligence (AI) would have on their business models.
The once-resilient stock has now fallen by 51% from the high it touched in February 2025. That sell-off was understandable given the uncertainty software companies face. In Tyler's case, the market is worried that large language models will allow government agencies to build custom tools that can do what its products do, or adopt cheaper alternatives. This would erode Tyler's entrenched position and permanently alter its growth trajectory.
Despite the concerns, management recently raised its 2030 revenue target, and said it now expects to surpass $1 billion in free cash flow by the end of the decade. Given that its market cap is just $12 billion, and considering that the public sector is typically slow to adopt new technology, Tyler may be one software stock worth adding to your portfolio.
Image source: Getty Images.
Who needs agentic loops when you can do cloud "flips"? The optimism from leadership stems from Tyler's cloud "flip" initiative, which is shifting its government client from using software hosted on on-premises hardware to software-as-a-service (SaaS) subscriptions hosted in the cloud, turning lower-margin maintenance revenue into higher-margin recurring revenue.
On average, every on-premises client that migrates to the cloud generates 1.7 times more revenue for Tyler while adding to its multiyear contracted revenue stream. With an installed base of over 16,000 clients and a target to convert 85% of them by 2030, the runway is significant.
Management projects that its peak flip volumes will occur from 2027 through 2029. This shift should improve margins by reducing maintenance work on its legacy on-premises products and increasing cross-selling opportunities.
The company's average client currently uses about three of its products, a figure it aims to increase to 10 to 12 by selling additional modules like payments, fire prevention, and document automation.
Some risks are worth taking During its June investor day presentation, the software provider raised its 2030 targets to $3.35 billion in annualized recurring revenue (ARR) and $1.15 billion in free cash flow. To hit those targets would require ARR to grow at an average annual rate of around 10%.
The caution around the stock comes not only from the likelihood of a more competitive market but also from where its next leg of growth will come from once the majority of cloud flips are complete. Management points to its ability to cross-sell, but predicting customer demand for software that far into the future is more of a side note than an investing thesis.
While the company is not immune to the impacts of technology shifts, its customers are unlikely to abandon their court systems or property tax software for AI-driven alternatives anytime soon. Government procurement cycles are notoriously slow, which will give the company time to execute on its cloud strategy and adapt to the changing landscape.
Today's Change
(
5.28
%) $
15.93
Current Price
$
317.60
The stock is trading at roughly 25 times expected forward earnings, down from a five-year average in the mid-40s, and 21 times trailing free cash flow. As such, the expectations baked into the stock are far lower than they've been in the past. While the market is unlikely to bid up its shares in the near term, Tyler is priced at a level where patient investors can comfortably begin building a position.
Investors in Tyler Technologies, Inc. (TYL - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 18, 2026 $230.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Tyler Technologies shares, but what is the fundamental picture for the company? Currently, Tyler Technologies is a Zacks Rank #3 (Hold) in the Internet - Software and Services industry that ranks in the Top 31% of our Zacks Industry Rank. Over the last 60 days, five analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.22 per share to $3.33 in that period.
Given the way analysts feel about Tyler Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
