Tyler Technologies (TYL) slides as investors digest Q1 revenue miss despite strong SaaS growth and raised full-year outlook

Tyler Technologies (TYL) is down 4.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a “mixed” quarterly print that showed strong SaaS growth and record recurring revenue, but total revenue and non-GAAP EPS that came in below what investors appeared to be braced for. Even with the company raising full-year non-GAAP EPS guidance and highlighting improving cash flow, the near-term top-line shortfall and post-earnings positioning likely pressured the stock.

Details:

Tyler reported Q1 2026 total revenue of $613.5 million (+8.6% YoY) and non-GAAP EPS of $3.09, alongside SaaS revenue growth of 23.5% to $222.4 million.

Investor focus appeared to center on the quarter’s miss versus consensus expectations for revenue and earnings, which can outweigh upbeat operational metrics in the immediate reaction.

Management updated full-year 2026 guidance to total revenue of $2.535 billion to $2.575 billion and non-GAAP EPS of $12.50 to $12.75.

Tyler also highlighted capital return and balance sheet actions, including repaying $600 million of convertible debt at maturity and continuing share repurchases, plus the April closing of the For The Record acquisition for about $223 million in cash.

Sources:

SEC, Seeking Alpha, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TYL Insider Trading Activity

$TYL insiders have traded $TYL stock on the open market 13 times in the past 6 months. Of those trades, 2 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $TYL stock by insiders over the last 6 months:

JEFFREY DAVID PUCKETT (Chief Operating Officer) has made 0 purchases and 5 sales selling 5,174 shares for an estimated $1,914,015.
BRIAN K MILLER (Executive VP and CFO) has made 0 purchases and 3 sales selling 3,000 shares for an estimated $1,376,240.
GLENN A CARTER has made 0 purchases and 2 sales selling 2,124 shares for an estimated $796,367.
ANDREW D. TEED purchased 1,600 shares for an estimated $495,856
ABIGAIL MARSHALL DIAZ-PEDROSA (Chief Administrative Officer) purchased 610 shares for an estimated $198,296
DANIEL M POPE sold 500 shares for an estimated $177,699

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$TYL Hedge Fund Activity

We have seen 373 institutional investors add shares of $TYL stock to their portfolio, and 441 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 1,326,283 shares (+1306.3%) to their portfolio in Q4 2025, for an estimated $602,066,167
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 958,125 shares (-72.8%) from their portfolio in Q4 2025, for an estimated $434,940,843
NORGES BANK added 827,471 shares (+68.9%) to their portfolio in Q4 2025, for an estimated $375,630,460
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 606,381 shares (-32.9%) from their portfolio in Q4 2025, for an estimated $275,266,654
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 448,417 shares (-52.9%) from their portfolio in Q4 2025, for an estimated $203,558,897
VAN ECK ASSOCIATES CORP added 367,203 shares (+43.2%) to their portfolio in Q4 2025, for an estimated $166,691,801
SWEDBANK AB removed 257,119 shares (-97.9%) from their portfolio in Q1 2026, for an estimated $88,032,403

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$TYL Government Contracts

We have seen $15,916,724 of award payments to $TYL over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

IS 3 SERVICES AND SUPPORT: $10,980,330
EQUAL OPPORTUNITY COMPLIANCE (EOC) COMPLAINT TRACKER DATABASE SERVICES - ORDER: $488,841
USDA, OFFICE OF HEARINGS AND APPEALS (OHA) - CASE TRACKING SYSTEM: $419,407
IT AND TELECOM - STORAGE PRODUCTS (HARDWARE AND PERPETUAL LICENSE SOFTWARE): $344,176
APPLICATION MODERNIZATION - CASE MANAGEMENT DEVELOPMENT PLATFORM POWERED BY ENTELLITRAK ANNUAL SUPPORT & UP...: $287,230

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$TYL Congressional Stock Trading

Members of Congress have traded $TYL stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $TYL stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 03/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$TYL Analyst Ratings

Wall Street analysts have issued reports on $TYL in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 02/13/2026
DA Davidson issued a "Buy" rating on 02/11/2026
Needham issued a "Buy" rating on 02/03/2026
BTIG issued a "Buy" rating on 12/17/2025
TD Cowen issued a "Buy" rating on 12/12/2025

To track analyst ratings and price targets for $TYL, check out Quiver Quantitative's $TYL forecast page.

$TYL Price Targets

Multiple analysts have issued price targets for $TYL recently. We have seen 11 analysts offer price targets for $TYL in the last 6 months, with a median target of $450.0.

Here are some recent targets:

Trevor Walsh from Citizens set a target price of $500.0 on 04/28/2026
Peter Heckmann from DA Davidson set a target price of $460.0 on 04/14/2026
Allan Verkhovski from BTIG set a target price of $420.0 on 04/10/2026
Clarke Jeffries from Piper Sandler set a target price of $543.0 on 02/13/2026
Ken Wong from Oppenheimer set a target price of $450.0 on 02/13/2026
Michael Turrin from Wells Fargo set a target price of $335.0 on 02/13/2026
Saket Kalia from Barclays set a target price of $410.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.