JMP Securities has reiterated its Market Outperform rating on Tyler Technologies (NYSE: TYL) following the company's second-quarter 2025 financial results. According to Investing.com 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. Analysis shows the company maintains a 'GOOD' overall financial health score, with 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 at 20% or more. Transaction revenue (JO: NTUJ) also saw significant growth of 21.3%, driven by new transaction-based services and higher volumes. Following these results, Tyler Technologies raised its annual outlook. The stock rose approximately 5% during the trading day following the earnings announcement but is up only about 1% year-to-date, underperforming the Russell 3000 index which has gained approximately 7% over the same period. The company's stock has shown relatively low price volatility, with a beta of 0.85 over the past five years.

Tyler Tech Stock Rating Reiterated at Market Outperform by JMP

JMP Securities reiterated its Market Outperform rating on Tyler Technologies after the company's second-quarter 2025 financial results, which showed 10% year-over-year revenue growth and exceeded analyst expectations. The stock trades above fair value, with a beta of 0.85, but underperformed the Russell 3000 index year-to-date.