Tyler Technologies, Inc. (TYL)

Over the past six months, Tyler Technologies' stock (TYL) has experienced some fluctuations, with the share price declining by 13.55% between October 7, 2024, and October 3, 2025. Recent insider activity has shown a decrease in ownership, with directors selling a combined 19,500 shares worth over $11 million in the three months leading up to October 28, 2025. Despite these insider sales, the company reported strong financial performance for Q2 2025, with earnings per share (EPS) of $2.91, surpassing analysts' consensus estimates of $2.78. Revenue for the quarter was $584.01 million, up 10.2% year-over-year. The company also saw an 80.9% increase in free cash flow to $88 million and expanded its non-GAAP operating margin. Analysts generally maintain a "Moderate Buy" rating for TYL, with an average one-year price target of approximately $682.89.

Tyler Technologies' revenue streams are primarily derived from SaaS recurring revenues, transaction fees, and professional services for product installation and integrations. The demand for its products and services is largely driven by the ongoing needs of the public sector for digital modernization and efficient operations. The company's sales pipeline is reported to be strong, supported by consistent and healthy government budgets that prioritize technology investments for long-term efficiencies, suggesting a relatively stable demand throughout the year.

Tyler Technologies, Inc. is a leading provider of integrated software and technology services primarily for the United States public sector, headquartered in Plano, Texas. The company specializes in delivering solutions that enable local, state, and federal government agencies to operate efficiently and transparently. Its product suite includes appraisal and tax software and services, integrated software for courts and justice agencies, data and insights services, enterprise financial software systems, planning/regulatory/maintenance software, public safety software, records/document management software, and transportation software for schools. Tyler Technologies also provides professional IT services, including software and hardware installation, data conversion, training, and product modifications, with many applications offered as SaaS through the Tyler private cloud.

Tyler Technologies maintains a significant presence across North America, with its headquarters in Plano, Texas. The company has offices in 17 U.S. states and one in Toronto, Ontario, Canada. Its client base extends beyond the U.S. and Canada to include the Caribbean, Australia, and other international locations, with over 45,000 successful installations across 13,000 locations.

In the past year, Tyler Technologies has received positive recognition for its workplace culture and environmental sustainability efforts. The company was named to Forbes' "America's Best Large Employers" list for 2025 for the second consecutive year. Additionally, Tyler Technologies was recognized on Newsweek's "America's Greenest Companies 2025" list, highlighting its commitment to environmental sustainability.

Tyler Technologies has a diverse ownership structure, with a significant portion held by institutional investors including Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Individual insider ownership is also present, with Larry D. Leinweber identified as the largest individual shareholder, owning 8.60 million shares, representing 19.89% of the company.