Tyler Technologies, Inc. (TYL)

Tyler Technologies' stock experienced several events in the past six months. The stock declined by 15.4% after reporting its fourth-quarter 2025 earnings. Tyler Technologies was recognized as a "Strong Performer" in The Forrester Wave™ for its cloud solutions. The company reported an 8.5% year-over-year revenue increase and EPS of $3.09 for Q1 2026, surpassing estimates. Tyler Technologies acquired For The Record (FTR) for $223 million. The company raised its full-year 2026 revenue and non-GAAP EPS guidance and repurchased 2.5% of its outstanding stock. The share price declined by 34.47% between April 30, 2025, and April 29, 2026, with a 52-week trading range between $283.71 and $621.34.

Tyler Technologies typically experiences a seasonal uptrend in its stock performance from mid-June through early September, with a 90% win rate and an average return of +10.24% over the last 20 years. This is due to the stability of government SaaS contracts and the company's shift towards SaaS and transaction-based models. The company is pursuing a 'Cloud-First' strategy, aiming to migrate over 80% of its on-premise customers to the cloud by 2030.

Tyler Technologies provides integrated software and technology management solutions and services to the U.S. public sector. It offers a comprehensive suite of products for government agencies, including appraisal and tax software, court and justice software, data and insights services, financial software, planning software, public safety software, records management software, and transportation software. The company also provides platform and transformative technology solutions such as cybersecurity, digital solutions, payments, and ERP.

Tyler Technologies is headquartered in Plano, Texas, and has offices in 17 U.S. states and Toronto, Canada. Its services extend to all 50 U.S. states, Canada, the Caribbean, Australia, and other international locations, with over 40,000 installations across nearly 13,000 locations as of March 2026.

Tyler Technologies has received positive recognition for its brand and services. The company was named to Newsweek's "America's Greenest Companies 2025" list and was positioned as a "Strong Performer" in The Forrester Wave™ for its cloud solutions. Tyler Technologies has been featured on Government Technology's GovTech 100 list for nine consecutive years. Customer feedback highlights the company's domain expertise and scale, with a high customer retention rate of around 98%. Older controversies from 2014, 2016, and 2021 involved lawsuits and reports citing issues with Tyler's Odyssey Case Manager software.

Tyler Technologies' ownership is mainly institutional, with Vanguard Group and BlackRock Inc. holding significant shares. As of June 30, 2025, Vanguard Group Inc. held about 5,570,120 shares, and BlackRock, Inc. owned approximately 4,279,515 shares. By May 5, 2026, 826 institutional owners collectively held 41,409,495 shares. Other major institutional shareholders include Norges Bank, State Street Corp, Principal Financial Group Inc, Fmr Llc, T. Rowe Price Investment Management, Inc., Geode Capital Management, Llc, Van Eck Associates Corp, and Morgan Stanley. Institutional investors held approximately 94.96% of the company's shares as of April 2025. Insider ownership was about 0.8% as of early 2024, and individual investors also form part of the ownership base.