Tyler Technologies, Inc. (TYL) Stock Price & Analysis
Tyler Technologies, Inc. (TYL) closed at USD 392.45 on Thursday, October 22, 2026, up 4.44% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 375.76; the Oct 22, 2026 session ranged USD 380.01–394.91 on volume of 1,107,371 shares. Market capitalization is $16.07B, with a 52-week range of USD 270.71–518.37 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TYL.md
Key facts (TYL)
- Last four reported quarters (through Jun 30, 2026): revenue $2.43B, net income $325M (13.4% margin), free cash flow $714M (SEC filings).
- Valuation: P/E 49.5x (avg 88.7x at the last 3 fiscal year-ends), EV/EBITDA 32.2x, net debt $439M.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $6.5M; 2 not under a Rule 10b5-1 plan ($6.5M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.91 on a 1–5 scale) (23 analysts), mean target USD 425.45 (range 340–525).
- Total return with dividends: 1Y -24.0% vs S&P 500 +14.9%; 5Y -25.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 3.49, revenue estimate $652M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TYL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.59B | $1.85B | $1.95B | $2.14B | $2.33B | $2.43B |
| Gross profit | $710M | $784M | $861M | $936M | $1.08B | — |
| Operating income | $181M | $214M | $219M | $300M | $358M | $368M |
| Net income | $161M | $164M | $166M | $263M | $316M | $325M |
| EPS (diluted) | $3.82 | $3.87 | $3.88 | $6.05 | $7.20 | — |
| Free cash flow | $338M | $359M | $360M | $604M | $638M | $714M |
| Gross margin | 44.6% | 42.4% | 44.1% | 43.8% | 46.5% | — |
| Operating margin | 11.4% | 11.6% | 11.2% | 14.0% | 15.3% | 15.1% |
| Net margin | 10.1% | 8.9% | 8.5% | 12.3% | 13.5% | 13.4% |
| Revenue growth | +42.6% | +16.2% | +5.5% | +9.5% | +9.1% | — |
| Cash + short-term investments | $408M | $211M | $176M | $768M | $1.10B | — |
| Total debt | $1.34B | $987M | $646M | $598M | $600M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TYL)
P/E 49.5x · P/S 6.6x · EV/EBITDA 32.2x · EV/Sales 6.8x · P/FCF 22.5x · P/B 5.3x · FCF yield 4.44% · Earnings yield 2.02% · Buyback yield (TTM) 5.77% · Net debt $439M · EV $16.5B
P/E at fiscal year-ends: Dec 2025 63.0x, Dec 2024 95.4x, Dec 2023 107.8x.
Insider sales (SEC Form 4, open-market, last ~7 months) (TYL)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Moore H Lynn Jr | President and CEO | 9,250 | $3.4M | 8.4% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-08-24 | Puckett Jeffrey David | Chief Operating Officer | 8,500 | $3.0M | 52.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TYL)
Consensus Buy (mean 1.91 on a 1–5 scale), 23 analysts; mean target USD 425.45 (low 340, high 525).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $335 → $400 |
| 2026-10-08 | Goldman Sachs | Downgrade | Buy → Neutral | $395 → $345 |
| 2026-09-28 | Piper Sandler | Target lowered | Overweight | $491 → $450 |
| 2026-09-24 | BTIG | Reiterated | Buy | $400 |
| 2026-07-31 | Piper Sandler | Target lowered | Overweight | $543 → $491 |
| 2026-07-30 | BTIG | Target lowered | Buy | $420 → $400 |
| 2026-07-27 | TD Cowen | Target lowered | Buy | $450 → $400 |
| 2026-07-23 | Guggenheim | Initiated | Buy | $440 |
Total return (dividends reinvested) (TYL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -24.0% | -25.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -24.1% | -5.7% |
| Volatility (annualized) | 42.6% | 32.2% |
| Max drawdown | -46.7% (Oct 2025→Jun 2026) | -56.5% (Feb 2025→Jun 2026) |
TYL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Enterprise Software | $476.3M | 73.8% | +9.8% |
| Platform Technologies | $160.9M | 24.9% | +4.0% |
| Total revenue | $645.1M | 100% | — |
TYL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription and Circulation | $453.7M | 70.3% | +12.0% |
| Maintenance | $105.8M | 16.4% | -5.6% |
| Professional services | $63.2M | 9.8% | +7.8% |
| Other | $22.4M | 3.5% | +10.3% |
| Total revenue | $645.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TYL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amazon (AMZN) | “We have a strategic collaboration agreement with AWS for cloud hosting services, which brings together Tyler, the nation's largest software company exclusively focused on the public sector, and AWS, the broadest and deepest cloud platform.” |
| Competitor | Oracle (ORCL) | “We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc. In addition, we sometimes compete with consulting and systems integration firms, which develop custom system…” |
| Competitor | SAP (SAP) | “We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc. In addition, we sometimes compete with consulting and systems integration firms, which develop custom system…” |
Quoted from the company's 10-K filed Feb 18, 2026.
TYL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.49 | $3.39 | +2.8% | $651.6M | 22 |
| Next quarter (ends Dec 2026) | $3.44 | $3.35 | +2.5% | $643.8M | 22 |
| Current fiscal year (ends Dec 2026) | $13.10 | $12.90 | +1.6% | $2.55B | 23 |
| Next fiscal year (ends Dec 2027) | $15.37 | $14.83 | +3.6% | $2.81B | 23 |
TYL options: expected move
Options price a move of about ±10.6% (±$41.55) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±6.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 47.2% | ±10.6% |
| Dec 18, 2026 | 56 | 41.9% | ±13.2% |
| Mar 19, 2027 | 147 | 39.2% | ±19.8% |
| Jun 17, 2027 | 237 | 38.7% | ±24.8% |
30-day implied volatility 45.3% vs 36.1% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 392.45 |
|---|---|
| Change | ▲ 4.44% (up) |
| Previous Close | USD 375.76 |
| Open | USD 382.87 |
| Day Range | USD 380.01 – 394.91 |
| 52-Week Range | USD 270.71 – 518.37 |
| Volume | 1,107,371 shares |
| Market Cap | $16.07B |
| Exchange | NYQ |
Technical Analysis (TYL)
Nexqual's technical model rates TYL "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 71.93 (overbought) |
| vs SMA50 | Above (USD 346.19) |
| MACD | 10.86 (positive) |
Analyst Ratings (TYL)
Wall Street analysts rate TYL "Buy" based on 23 analysts, with a mean price target of USD 425.45 (range USD 340–525), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 425.45 |
| High Target | USD 525 |
| Low Target | USD 340 |
| Buy / Hold / Sell | 19 / 4 / 0 |
Earnings (TYL)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 3.49 |
| Revenue Estimate | $651.60M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.08 vs est 3.07 ▲ beat |
| 2026-03-31 | USD 3.09 vs est 3.01 ▲ beat |
| 2025-12-31 | USD 2.64 vs est 2.73 ▼ miss |
| 2025-09-30 | USD 2.97 vs est 2.86 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (TYL)
| Total Revenue | $2.43B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.20% |
| Gross Margin | +47.21% |
| Operating Margin | +14.74% |
| Profit Margin | +13.36% |
| ROE | +9.73% |
| Debt / Equity | 0.48 |
| Current Ratio | 1.55 |
| Total Cash | $970.04M |
| Total Debt | $1.46B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $714.27M (29.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (TYL)
Nexqual rates Tyler Technologies, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47%, operating 15% (last 12 months) |
| Balance Sheet | Solid — $970M cash and investments vs $1.41B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $714M (last 4 quarters to Jun 2026, SEC), 29% margin |
| Efficiency | Mixed — ROE 10%, ROA 4.2% |
Ownership (TYL)
| Insider Ownership | +0.52% |
|---|---|
| Institutional Ownership | +108.19% |
| Shares Outstanding | 40.95M |
| Float | 38.02M |
| Short % of Float | +8.84% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (TYL)
Tyler Technologies, Inc. is led by H. Lynn Moore, CEO, President & Executive Chairman, per Nexqual as of October 23, 2026 at 09:15 UTC.
| CEO, President & Executive Chairman | H. Lynn Moore |
|---|---|
| Executive VP & CFO | Brian K. Miller |
| Chief Operating Officer | Jeffrey D. Puckett |
| Chief Technology Officer | Russell A. Gainford |
| Senior Director of Investor Relations | Hala Elsherbini |
Major Backers & Investors (TYL)
Notable institutional backers of Tyler Technologies, Inc. include NORGES BANK, Principal Financial Group, Inc., T. Rowe Price, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| NORGES BANK | 6.53% |
| Principal Financial Group, Inc. | 4.95% |
| T. Rowe Price | 4.49% |
| Morgan Stanley | 3.92% |
| Principal Funds, Inc-MidCap Fund | 3.4% |
| Invesco | 2.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.9% |
| BlackRock | 9.43% |
| State Street | 4.98% |
| Geode Capital | 2.95% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From Tyler Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- Over a multi-year period we have been transitioning from hosting clients in Tyler's proprietary data centers to utilizing Amazon Web Services ("AWS") for cloud hosting.
- Examples of transformative platform technologies include our market-leading payments platform, data platform, low-code application development platform, and digital resident experience solutions.
- Our K–12 Education solutions include: •School ERP: Manages K-12 schools' most essential business functions by integrating financial, budgeting, and procurement data.
- We have a large recurring revenue base from subscription-based services and maintenance and support, which generated revenues of $2.0 billion, or 87% of total revenues, in 2025.
Partnerships
- We have a strategic collaboration agreement with AWS for cloud hosting services, which brings together Tyler, the nation's largest software company exclusively focused on the public sector, and AWS, the broadest and deepest cloud platform.
- Specifically, the agreement with AWS provides the framework for development, training and collaboration in order to support next-generation applications that have the scalability, resiliency, and security AWS offers.
Legal & Regulatory Risks (Item 1A, quoted)
- Compliance with changing regulation of corporate governance may result in additional expenses.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DOCU | DocuSign, Inc. | USD 84.41 | ▲ 3.6% |
| GWRE | Guidewire Software, Inc. | USD 189.64 | ▲ 4.26% |
| FICO | Fair Isaac Corporation | USD 823.27 | ▲ 3.53% |
| MANH | Manhattan Associates, Inc. | USD 242.17 | ▲ 2.69% |
| U | Unity Software Inc. | USD 40.27 | ▼ 2.28% |
| HUBS | HubSpot, Inc. | USD 267.19 | ▲ 6.92% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt