Tyler Technologies posts $645.1M quarter as Callan opens $1.6M stake

What's the deal? Callan Family Office LLCDealroom has a profile for this one. Try Dealroom → bought a new position in Tyler TechnologiesDealroom has a profile for this one. Try Dealroom → during the second quarter, acquiring 5,595 shares worth about $1,636,000, according to HoldingsChannel. The Texas-based firm sells software and services to public-sector clients such as local and state governments.

How did the quarter look? Tyler's latest reported quarter delivered earnings per share of $3.08, slightly ahead of estimates. Revenue of $645.1 million came in below consensus.

Who else is buying? Several institutional investors opened positions in the second quarter, including Heartland AdvisorsDealroom has a profile for this one. Try Dealroom → ($2,379,000), Expressive WealthDealroom has a profile for this one. Try Dealroom → ($490,000), B. Metzler seel. Sohn & Co.Dealroom has a profile for this one. Try Dealroom → ($276,000), Patron PartnersDealroom has a profile for this one. Try Dealroom → ($218,000), and Allworth FinancialDealroom has a profile for this one. Try Dealroom → ($134,000). Institutional investors own 93.30% of the company's stock.

What are analysts saying? The stock carries a consensus "Moderate Buy" rating and an average price target of $456.72, per MarketBeat. GuggenheimDealroom has a profile for this one. Try Dealroom → opened coverage with a "buy" and a $440 target, while JPMorganDealroom has a profile for this one. Try Dealroom → cut its target from $650 to $525 but kept an "overweight" rating.

What's the outlook? Zacks raised its near-term earnings forecasts, lifting FY2026 EPS to $9.86 from $9.75 and FY2027 to $11.13 from $10.63. That FY2026 figure still trails the broader analyst consensus of $10.12, and Zacks trimmed its longer-term estimates for 2028.

The signal: Tyler shares opened at $350.75 on Monday, well off a 52-week high of $566.95 and above a low of $270.71. New institutional stakes and mixed analyst targets point to steady demand for government-software exposure, tempered by revenue that undershot expectations.

Read more: tickerreport.com

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