-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。目標株価を402ドルから394ドルに引き下げます。これは、2026年の1株当たり利益（EPS）予想12.71ドル（過去3年間の平均を下回るものの、事業の堅調さから同業他社を上回る水準）に基づく予想PER31倍です。2026年のEPS予想を12.57ドルから12.71ドルに、2027年のEPS予想を14.19ドルから14.28ドルにそれぞれ引き上げます。TYLは、2026年第1四半期の売上高が前年同期比8.6%増の6億1,350万ドルであったと発表しました。これは、SaaS事業の売上高が23.5%増の2億2,240万ドルと大幅に増加したことが主な要因です。トランザクションベースの売上高は6.4%増の2億740万ドルでした。近代化の取り組みが進み、AI の利用がクラウド利用へとシフトするにつれ、顧客はクラウド導入に注力しています。この傾向により SaaS の勢いが持続し、近中期的に 20% を超える SaaS 成長への確信が高まります。非 GAAP 営業利益率は 40 bps 拡大して 27.2% となり、調整後 EBITDA は 9.3% 増加して 1億7,730 万ドルとなりました。これは、利益率の高い SaaS およびトランザクション収益への好ましい収益構成、クラウド効率の向上、および規律ある経費管理の恩恵によるものです。
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