Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2571.4%
Neutral1028.6%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Tyler Technologies, Inc. · TYL · FY2024 Q4 · Calendar Q1 2025
Tyler Technologies: SaaS Growth and Cloud Migration Remain Central
The supplied analysis supports a constructive but conditional view: resilient SaaS demand, cloud migration, cross-sell, and AI initiatives provide potential growth support, while execution, public-sector budgets, and payments normalization could limit durability.
Reported Before market openNYSETechnology
$15.98B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.44
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $540.3M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.1%
Event window
SPY move
-0.3%
Same window
Abnormal move
+0.5%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
-9.3%
Up to 20 sessions
TYLSPY benchmark
Ask FN2 about TYL FY2024 Q4
Transcript, numbers and history already loaded
What drove TYL's +0.1% move after FY2024 Q4 earnings?What changed in TYL's guidance and outlook in FY2024 Q4?Give me the bull and bear case for TYL after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior analysis, the current analysis emphasizes faster SaaS growth, continued cloud migration, AI feature rollout, the MyGov integration, and a dedicated state sales effort. Guidance sentiment remained maintained, while the Texas payments wind-down became a clearer offset.
Guidance delta
Maintained; the supplied analysis cites 2025 revenue guidance of $2.30–$2.34 billion and SaaS growth guidance of 21%–24%.
Key takeaways
- The supplied analysis reports 23% year-over-year SaaS growth and 15% recurring-revenue growth.
- Cloud execution was a central theme, including 106 client flips and a 58% increase in flip contract value.
- Management emphasized AI-enabled features, OneTyler cross-sell, payments, and a dedicated state sales team as growth initiatives.
- The analysis reports a 24.4% non-GAAP operating margin and $216 million of free cash flow.
- The Texas payments wind-down and public-sector budget sensitivity remain important offsets.
Management priorities
- Optimize cloud products and continue version consolidation.
- Roll out AI-driven features across flagship products.
- Expand state-level penetration through a dedicated sales team.
- Integrate MyGov into the broader Tyler portfolio.
- Reach more than 80% on-premise-to-cloud migration by 2028.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$390.14Current
$340Low
$465.75Average
$700High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Equal Weight | Upgrade | Oct 12, 2026 |
| Goldman Sachs | Neutral | Buy | Downgrade | Oct 8, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 28, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 24, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 27, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 23, 2026 |
| DA Davidson | Buy | Buy | Maintain | Jun 10, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 10, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | May 1, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | May 1, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Apr 28, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 13, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 13, 2026 |
| Needham | Buy | Buy | Maintain | Feb 13, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 25, 2025 |
| Truist Securities | Buy | Buy | Maintain | Feb 14, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 25, 2024 |
| Loop Capital | Buy | Buy | Maintain | May 21, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 1, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Apr 28, 2023 |
| Northcoast Research | Buy | Neutral | Upgrade | Mar 11, 2021 |
| RBC Capital | Outperform | Outperform | Maintain | Jun 18, 2020 |
| Benchmark | Buy | Buy | Maintain | Aug 2, 2019 |
| B. Riley Securities | Neutral | Neutral | Maintain | Jul 30, 2018 |
| B. Riley FBR | Neutral | Neutral | Maintain | Jul 30, 2018 |
| Keybanc | Overweight | Downgrade | Oct 17, 2017 | |
| Citigroup | Buy | Buy | Maintain | Sep 22, 2017 |
| PiperJaffray | Overweight | Overweight | Maintain | Jul 26, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | Jun 20, 2016 |
| Maxim Group | Buy | Buy | Maintain | Apr 28, 2016 |
| Avondale Partners | Perform | Market Perform | Maintain | Apr 14, 2016 |
| Dougherty & Co. | Neutral | Buy | Downgrade | May 30, 2014 |
| Dougherty | Neutral | Buy | Downgrade | May 30, 2014 |
| Sidoti & Co. | Neutral | Buy | Downgrade | Jul 25, 2013 |
| Thinkequity | Buy | Buy | Maintain | Oct 2, 2012 |
| Northland Securities | Outperform | Outperform | Maintain | Sep 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $390.14. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $400 | $329.55 | +2.5% | Oct 12, 2026 |
| Goldman Sachs | Analyst unavailable | $345 | $332.34 | -11.6% | Oct 8, 2026 |
| Piper Sandler | Analyst unavailable | $450 | $325.57 | +15.3% | Sep 28, 2026 |
| UBS | Analyst unavailable | $395 | $309.6 | +1.2% | Aug 1, 2026 |
| Guggenheim | Analyst unavailable | $440 | $284.32 | +12.8% | Jul 22, 2026 |
| Stifel Nicolaus | Parker Lane | $400 | $308.92 | +2.5% | Jun 10, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $340 | $308.92 | -12.9% | Jun 10, 2026 |
| Barclays | Saket Kalia | $425 | $308.92 | +8.9% | Jun 10, 2026 |
| Truist Financial | Terry Tillman | $440 | $339.11 | +12.8% | May 1, 2026 |
| Robert W. Baird | Analyst unavailable | $455 | $339.56 | +16.6% | May 1, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $360 | $338.32 | -7.7% | May 1, 2026 |
| Barclays | Analyst unavailable | $420 | $341.14 | +7.7% | May 1, 2026 |
| BTIG | Analyst unavailable | $420 | $316.65 | +7.7% | Apr 10, 2026 |
| Goldman Sachs | Analyst unavailable | $420 | $303.71 | +7.7% | Feb 13, 2026 |
| Robert W. Baird | Analyst unavailable | $440 | $305.46 | +12.8% | Feb 13, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $325 | $304.14 | -16.7% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $450 | $300.14 | +15.3% | Feb 13, 2026 |
| Piper Sandler | Clarke Jeffries | $543 | $287.04 | +39.2% | Feb 13, 2026 |
| Barclays | Saket Kalia | $410 | $287.04 | +5.1% | Feb 13, 2026 |
| D.A. Davidson | Analyst unavailable | $460 | $360.51 | +17.9% | Feb 11, 2026 |
| BTIG | Analyst unavailable | $470 | $348.35 | +20.5% | Feb 9, 2026 |
| Oppenheimer | Ken Wong | $510 | $440.58 | +30.7% | Jan 23, 2026 |
| Piper Sandler | Clarke Jeffries | $671 | $446.46 | +72.0% | Jan 13, 2026 |
| Goldman Sachs | Analyst unavailable | $560 | $446.46 | +43.5% | Jan 13, 2026 |
| Wells Fargo | Michael Turrin | $470 | $448.23 | +20.5% | Jan 8, 2026 |
| Stifel Nicolaus | Analyst unavailable | $550 | $448.23 | +41.0% | Jan 7, 2026 |
| BTIG | Analyst unavailable | $560 | $450.11 | +43.5% | Dec 16, 2025 |
| D.A. Davidson | Peter Heckmann | $510 | $459.51 | +30.7% | Dec 9, 2025 |
| D.A. Davidson | Peter Heckmann | $540 | $481.69 | +38.4% | Oct 31, 2025 |
| Robert W. Baird | Analyst unavailable | $660 | $478.08 | +69.2% | Oct 31, 2025 |
| Truist Financial | Terry Tillman | $675 | $476.5 | +73.0% | Oct 31, 2025 |
| Oppenheimer | Ken Wong | $600 | $478.08 | +53.8% | Oct 30, 2025 |
| D.A. Davidson | Analyst unavailable | $560 | $504.04 | +43.5% | Oct 10, 2025 |
| D.A. Davidson | Analyst unavailable | $585 | $608.68 | +49.9% | Aug 5, 2025 |
| Cantor Fitzgerald | Matthew VanVliet | $600 | $574.01 | +53.8% | Jun 3, 2025 |
| Robert W. Baird | Analyst unavailable | $700 | $524.64 | +79.4% | Apr 25, 2025 |
| Barclays | Saket Kalia | $695 | $524.64 | +78.1% | Apr 25, 2025 |
| Wells Fargo | Michael Turrin | $615 | $563.54 | +57.6% | Jan 7, 2025 |
| Needham | Scott Berg | $700 | $586.77 | +79.4% | Oct 22, 2024 |
| D.A. Davidson | Peter Heckmann | $550 | $587.38 | +41.0% | Oct 17, 2024 |
| Truist Financial | Terry Tillman | $600 | $578.68 | +53.8% | Jul 26, 2024 |
| Piper Sandler | Clarke Jeffries | $625 | $564.34 | +60.2% | Jul 26, 2024 |
| Oppenheimer | Ken Wong | $625 | $564.34 | +60.2% | Jul 26, 2024 |
| D.A. Davidson | Peter Heckmann | $456 | $529.09 | +16.9% | Jul 22, 2024 |
| Truist Financial | Terry Tillman | $560 | $494.5 | +43.5% | May 23, 2024 |
| BTIG | Matthew VanVliet | $550 | $495.98 | +41.0% | May 22, 2024 |
| Wells Fargo | Michael Turrin | $550 | $495.98 | +41.0% | May 22, 2024 |
| Loop Capital Markets | Mark Schappel | $530 | $493.92 | +35.8% | May 21, 2024 |
| Needham | Scott Berg | $600 | $493.92 | +53.8% | May 21, 2024 |
| Oppenheimer | Ken Wong | $500 | $458.07 | +28.2% | Apr 25, 2024 |
| Needham | Joshua Reilly | $475 | $392.44 | +21.8% | Jun 16, 2023 |
| Barclays | Analyst unavailable | $350 | $313.76 | -10.3% | Jan 11, 2023 |
| Truist Financial | Terry Tillman | $500 | $324.19 | +28.2% | Jul 12, 2022 |
| Wells Fargo | Michael Turrin | $435 | $309.99 | +11.5% | Jun 14, 2022 |
| Wells Fargo | Analyst unavailable | $405 | $385.4 | +3.8% | Apr 25, 2022 |
| D.A. Davidson | Peter Heckmann | $440 | $494.39 | +12.8% | Jul 26, 2021 |
| RBC Capital | Matthew Hedberg | $500 | $413.17 | +28.2% | Jun 8, 2021 |
Track every rating change on TYL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into three primary divisions: Enterprise Software, Appraisal and Tax, and NIC. The company's extensive product portfolio encompasses financial management tools, such as modular fund accounting systems designed for government bodies and non-profit organizations, as well as utility billing platforms for managing both metered and unmetered services. Additionally, Tyler offers solutions that automate a wide array of municipal and county operations, ranging from municipal court and parking ticket administration to animal and business licensing, permits and inspections, code enforcement, citizen complaint resolution, ambulance billing, fleet maintenance, and cemetery records management. Educational institutions, particularly K-12 schools, benefit from their specialized student information and transportation management systems.…
Historical context
All TYL earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the TYL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-29T00:04:08.037886+00:00
- Polygon adjusted daily market bars · 2026-10-24T19:10:45.721795+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T19:10:45.719071+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.