TYL

Over the past six months, Tyler Technologies' stock price declined by 38.78% from September 29, 2025, to September 28, 2026. On October 8, 2026, Goldman Sachs downgraded TYL shares to "Neutral" from "Buy" and lowered its price target to $345 from $395, citing limited visibility into catalysts for upside to earnings estimates. The stock was trading at $324.02 per share as of September 28, 2026. Despite these pressures, the company reported solid second-quarter 2026 results, highlighted by strong recurring revenue growth and a record second quarter for free cash flow. SaaS revenues accelerated by 21.7%, marking 22 consecutive quarters of 20% or greater SaaS growth. Public sector demand remained healthy, leading to record SaaS and total bookings. Tyler Technologies also announced a $260 million share repurchase plan and expanded its share repurchase authorization by an additional $1.5 billion, though Q2 earnings measures slightly missed expectations according to DA Davidson.