Tyler Technologies, Inc. (TYL)

Tyler Technologies' stock (TYL) has experienced a notable decline over the past year. The stock was impacted by Q4 2025 earnings miss, which led to analyst price target cuts. The company approved a $200 million stock repurchase plan. The company secured a broad public safety software deployment across multiple Michigan counties. The stock has also been affected by broader tech sector weakness, geopolitical tensions, and a sector-wide SaaS selloff.

Demand for Tyler Technologies' products and services is generally driven by ongoing government digitization mandates and a multi-year upgrade cycle from legacy on-premise systems to cloud-native solutions. Government budget cycles could introduce some periodicity in purchasing decisions and project timelines. The company's recurring revenue made up 86% of total revenue in Q3 2025, indicating a predictable and durable business model. Public sector market fundamentals and the demand environment remain strong.

Tyler Technologies is a leading provider of integrated software and technology services, primarily serving the U.S. public sector. The company operates within the government software industry, offering a broad portfolio of proprietary software solutions and services. Its major products encompass appraisal and tax, courts and justice, data and insights, enterprise financial, planning, regulatory, and maintenance, public safety, records and document management, transportation software for schools, digital services (NIC Segment), community health and disability & benefits, and driver and motor vehicle services.

Tyler Technologies is headquartered in Plano, Texas, U.S., with a significant presence across the United States, including offices in 17 states, and also operates in Toronto, Ontario, Canada. Globally, Tyler Technologies has over 45,000 successful installations across 15,000 locations, serving clients in all 50 U.S. states, Canada, the Caribbean, Australia, and other international locations.

Tyler Technologies has received numerous accolades and recognitions, including industry workplace awards, Forbes' America's Best Large Employers, Newsweek's America's Greenest Companies, Forrester Wave™ "Strong Performer", and Public Sector Excellence Awards. Despite these positive recognitions, the company has faced controversies in the past related to its software, including lawsuits and reports citing problems with Tyler Technologies software.

The ownership structure of Tyler Technologies is predominantly composed of institutional investors, holding approximately 94.96% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., 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. Individual investors and company insiders also hold stakes, with insiders collectively owning about 0.8% of the stock. There has been insider selling activity in the past six months.