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Tyler Technologies ( (TYL) ) has issued an announcement.
On February 2, 2026, Tyler Technologies announced it had signed a definitive agreement to acquire For The Record (FTR), a digital court-recording pioneer founded in 1993, for approximately $212.5 million in cash, with closing expected in the first quarter of 2026 subject to customary conditions and regulatory approvals. The deal will fold FTR’s AI-powered, cloud-enabled courtroom recording and multilingual transcription platform—already used in all 50 U.S. states and major courts such as Los Angeles County Superior Court and the Superior Court of Arizona in Maricopa County—into Tyler’s Courts & Justice Division, with FTR’s management and staff joining that unit. By integrating FTR’s “legal grade” speech-to-text and real-time transcription with Tyler’s existing justice software, the company aims to create a unified, near real-time digital court record that enhances “judicial intelligence,” improves efficiency amid a shortage of court reporters, and strengthens Tyler’s competitive position as a provider of next-generation, AI-driven solutions to courts and justice agencies.
The most recent analyst rating on (TYL) stock is a Hold with a $390.00 price target. To see the full list of analyst forecasts on Tyler Technologies stock, see the TYL Stock Forecast page.
Spark’s Take on TYL Stock
According to Spark, TipRanks’ AI Analyst, TYL is a Neutral.
Tyler Technologies’ overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust revenue growth and strategic initiatives. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The decline in free cash flow growth and challenges highlighted in the earnings call also contribute to a more cautious outlook.
To see Spark’s full report on TYL stock, click here.
More about Tyler Technologies
Tyler Technologies (NYSE: TYL) is a leading provider of integrated software and technology services for the public sector, offering end-to-end solutions that help local, state, and federal government entities operate more efficiently and transparently. With more than 45,000 installations across 15,000 locations in all 50 U.S. states, Canada, the Caribbean, Australia, and other international markets, the S&P 500 company focuses on connecting data and processes across disparate systems to deliver actionable insights for government clients, particularly in areas such as courts and justice.
Average Trading Volume: 401,186
Technical Sentiment Signal: Sell
Current Market Cap: $15.89B
For a thorough assessment of TYL stock, go to TipRanks’ Stock Analysis page.