Crispr Therapeutics shares tumble after significant earnings miss
Investing.com - JMP Securities has reiterated its Market Outperform rating and $700.00 price target on Tyler Technologies (NYSE:TYL) following the company’s second-quarter 2025 financial results. According to InvestingPro data, the stock currently trades above its Fair Value, with analyst targets ranging from $570 to $800.
Tyler Technologies reported revenue of $596.1 million for the second quarter, representing a 10% year-over-year increase and exceeding the consensus estimate of $589.4 million. The company’s non-GAAP earnings per share reached $2.91, surpassing analyst expectations of $2.77. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, with particularly strong marks in profitability and growth metrics.
The company’s SaaS revenues grew 21.5% in the quarter, marking its 18th consecutive quarter of SaaS growth of 20% or more. Transaction (JO:NTUJ) revenue also saw significant growth of 21.3%, driven by new transaction-based services and higher volumes.
Both gross and operating margins expanded during the quarter, which the company attributed to a positive shift in revenue mix, efficiency gains across cloud operations, and favorable operating expense trends. Following these results, Tyler Technologies raised its annual outlook.
The stock rose approximately 5% during the trading day following the earnings announcement, though it remains up only about 1% year-to-date, underperforming the Russell 3000 index which has gained approximately 7% during the same period. The stock has shown relatively low price volatility, with a beta of 0.85 over the past five years.
In other recent news, Tyler Technologies reported a strong second quarter for 2025, significantly surpassing earnings expectations. The company achieved an earnings per share (EPS) of $2.91, exceeding the forecast of $2.77. Additionally, revenue reached $596.1 million, surpassing the anticipated $587.59 million. Barclays (LON:BARC) responded to these results by raising its price target for Tyler Technologies to $715, up from $695, while maintaining an Overweight rating. The increase in the price target was attributed to growth in Software (ETR:SOWGn) as a Service (SaaS) bookings, as several deals that were delayed from the first quarter successfully closed. These developments reflect positive momentum for Tyler Technologies and have been met with optimism from analysts.
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