Tyler Technologies, IncNYSE: TYL
Information Technology · Application Software
$335.44
-1.67%
Vol: 369K
Research Digest
Friday, May 1, 2026
Q1 2026 EPS $3.09 beats $3.01 estimate; SaaS revenue up 23.5%; For The Record acquisition completed
Tyler Technologies reported Q1 2026 revenue of $613.5M (+8.6% YoY) with EPS of $3.09, beating consensus of $3.01. Recurring revenues rose to $538.6M (+10.4%, now 87.8% of total), with SaaS revenues of $222.4M up 23.5%. Free cash flow climbed to $102.8M (+112.9%). Company completed $223M acquisition of For The Record (court recording specialist), adding AI-driven transcription capabilities expected to contribute ~300 bps to SaaS growth. Full-year FY26 guidance: revenue $2.535-$2.575B, non-GAAP EPS $12.50-$12.75, FCF margin 26-28%. Stock fell 3.41% post-earnings despite beat due to mixed analyst views and valuation concerns.
Previous Market Intelligence
13 daysApr 30Tyler Technologies beats Q1 and raises full-year guidance; completes $223M For The Record AI acquisitionPositive▶
Tyler Technologies reported Q1 2026 revenue of $613.5M, up 8.6% YoY with SaaS revenue growing 23.5%. The company completed its acquisition of For The Record for approximately $223M in cash, bringing speech-to-text and multilingual transcription technology to its justice portfolio. Tyler raised full-year 2026 guidance to $2.535-$2.575B revenue with non-GAAP EPS of $12.50-$12.75 and 26-28% free cash flow margin. The company also repaid $600M convertible debt and executed $250M in share repurchases. Stock traded up $15.75 to $356.21.
Apr 16Tyler Technologies completed For The Record acquisition April 14 for $212.5M; Q1 earnings call April 30Positive▶
Tyler Technologies completed acquisition of For The Record, a digital court-recording pioneer, on April 14, 2026 for approximately $212.5M, expanding its justice portfolio. Company announced 2026 Public Sector Excellence Award winners on April 7. Q1 2026 earnings conference call scheduled for April 30, 2026. D.A. Davidson reiterated Buy rating with $460 price target. Stock up 4.75% with average analyst target of $474.36 representing 48.19% upside potential.
Apr 15Tyler Technologies completed For The Record acquisition and received Buy rating from DA Davidson with $460 price target on April 14.Positive▶
Tyler Technologies completed its $212.5 million acquisition of For The Record, a digital court-recording platform with AI-powered transcription technology. This expands Tyler's justice portfolio with seamless courtroom ecosystem solutions. DA Davidson reiterated a Buy rating with $460 price target. The company also announced a $1 billion share repurchase authorization in February. Upcoming earnings on April 29.
Apr 14Tyler Technologies announced $1 billion share repurchase plan and acquisition of For The Record, amid strong recurring revenue growth.Positive▶
Tyler Technologies reported Q4 2025 results with 6.3% YoY revenue growth and 11% recurring revenue growth, achieving quarterly SaaS revenues exceeding $200M. The company announced acquisition of For The Record, a digital court-recording pioneer. Tyler also approved a $200 million share repurchase plan. For 2026, projects 8.3% revenue growth.
Apr 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 10Tyler Technologies down 1.25% pre-market; announces 35 Public Sector Excellence Award winners at Connect conference.Negative▶
Tyler Technologies announced 2026 Public Sector Excellence Award winners on April 7. Michigan Upper Peninsula 911 Authority selected Tyler's Enterprise CAD and Mobile Solutions. Pre-market trading shows TYL down $4.17 at $329.32. Company announced $200M buyback plan. Goldman Sachs lowered target to $420, Baird to $440. Earnings expected April 29.
Apr 9Tyler Technologies acquires For The Record for $212.5M, authorizes $1B share repurchasePositive▶
Tyler Technologies announced definitive agreement to acquire For The Record, digital court-recording pioneer with 30+ years experience, for $212.5 million cash. For The Record features 'legal grade' speech-to-text and real-time multilingual transcription powered by AI. Transaction expected to close Q1 2026. Announced $1 billion share repurchase authorization. Tyler named to 2026 GovTech 100 list for 10th consecutive year. Announced 2026 Public Sector Excellence Award winners (35 total). Q4 2025 showed 6.3% YoY revenue growth with 11% recurring revenue growth; quarterly SaaS revenues exceeded $200M for first time. Stock at $338.03 with 43.52% upside to $478.91 price target from 11 analysts with Buy rating.
Apr 8Tyler Technologies Announces 2026 Public Sector Excellence Award Winners; Acquire For The RecordPositive▶
Tyler Technologies announced 2026 Public Sector Excellence Award winners with 35 winners and honorable mentions recognized at Tyler Connect user conference. TYL agreed to acquire For The Record for $258 million. Launched new $200 million buyback plan. Analyst consensus Buy with $478.91 average price target, 43.52% upside.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Tyler launched $200M share buyback and won Michigan 911 CAD contract.Mixed▶
Tyler announced $200M buyback plan March 2026. Michigan Upper Peninsula 911 Authority selected Tyler Enterprise CAD. Q4 2025 EPS $2.64 vs $2.72 est., revenue $575.2M vs $591M est. causing 15.76% premarket drop. SaaS revenues exceeded $200M for first time. Avg Buy PT $478.91.
Apr 3Tyler Technologies initiates $200M Rule 10b5-1 share buyback plan and acquired For The Record for $212.5M.Positive▶
Tyler Technologies entered into a Rule 10b5-1 trading plan on April 2, 2026 to repurchase up to $200M of shares, part of a $1B Board authorization. The company signed a definitive agreement to acquire For The Record for approximately $212.5M. Needham added TYL to its Conviction List naming it a top 2026 pick.
Apr 2Tyler Technologies wins Michigan Upper Peninsula 911 CAD contract; acquires For The Record for $258M; announces $200M share buyback.Positive▶
Tyler Technologies secured Michigan UP 911 Authority contract for Enterprise CAD and Mobile solutions across 8 counties, one of largest multi-county PSAP consortiums. Company acquired For The Record (digital court recording) for $258M enterprise value. Announced $200M share buyback (March 13). Recognized as GovTech 100 for 2026. FY2026 earnings April 29; June 9 investor day planned. 11 analysts rate Buy; PT $478.91 (+42.46%).
Apr 1Tyler Technologies misses Q4 earnings but announces $200M buyback and acquisition of For The Record for $258M.Mixed▶
Tyler reported Q4 2025 EPS of $2.64 vs $2.72 expected and revenue of $575.2M vs $591.03M, triggering 15.76% premarket drop. SaaS revenues exceeded $200M for first time. Company launched $200M share repurchase program and announced For The Record acquisition for $258M.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TYLTYLER | $335.44 | -1.67% | +1.2% | 24.0x | 0.92 | $14.7B |
| ORCLORACLE | $171.78 | +6.44% | +10.9% | 20.1x | 1.60 | $464.2B |
| PLTRPALANTIR | $144.27 | +3.71% | -6.0% | 74.6x | 1.67 | $333.5B |
| APPAPPLOVIN | $461.07 | +3.30% | +8.2% | 21.9x | 2.50 | $150.1B |
| CRMSALESFORCE | $184.10 | +4.29% | -4.6% | 11.8x | 1.29 | $144.4B |
| INTUINTUIT | $398.68 | +2.62% | -6.9% | 14.7x | 1.21 | $108.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.