With a market cap. of $14.7 billion, Tyler Technologies, Inc. (TYL) provides integrated software and technology solutions for the public sector across two segments: Enterprise Software and Platform Technologies. It offers cloud and on-premise solutions for financial management, public safety, courts, property appraisal and tax, K-12 education, regulatory management, cybersecurity, and data insights, with a cloud partnership with Amazon Web Services.
The Plano, Texas-based company is slated to announce its fiscal Q3 2026 results after the market closes on Wednesday, Oct. 28. Ahead of this event, analysts expect TYL to report a profit of $2.70 per share, a 16.4% growth from $2.32 per share in the year-ago quarter. It has exceeded Wall Street's earnings expectations in two of the past four quarters while missing on two other occasions.
For fiscal 2026, analysts forecast the information management software provider to post EPS of $10.13, a rise of nearly 15% from $8.81 in fiscal 2025. Moreover, EPS is anticipated to grow 18.9% year-over-year to $12.04 in fiscal 2027.
Shares of Tyler Technologies have decreased 26.1% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 14.5% gain and the State Street Technology Select Sector SPDR ETF's (XLK) 28.7% increase over the same period.
Tyler Technologies released Q2 2026 results on Jul. 29, with adjusted EPS of $3.08 and revenue increasing 8.2% year-over-year to $645.1 million. SaaS revenue grew 21.7% to $230.6 million, marking the 22nd consecutive quarter of at least 20% growth, and free cash flow surged 34.7% to a record $118.5 million. The company also reaffirmed full-year guidance for revenue of $2.54 billion to $2.58 billion and adjusted EPS of $12.95 to $13.20.
Analysts' consensus view on TYL stock remains bullish, with a "Strong Buy" rating overall. Out of 23 analysts covering the stock, 17 recommend a "Strong Buy," one "Moderate Buy," and five "Holds." The average analyst price target of $420.09, suggesting a potential upside of 11.4% from current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.