Insider Selling: Tyler Technologies (NYSE:TYL) COO Sells $3,029,740.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) COO Jeffrey David Puckett sold 8,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total value of $3,029,740.00. Following the sale, the chief operating officer owned 7,784 shares of the company’s stock, valued at $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyler Technologies Price Performance

TYL opened at $378.87 on Friday. The firm has a market capitalization of $15.51 billion, a PE ratio of 50.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. The business’s 50-day moving average is $316.86 and its two-hundred day moving average is $324.04. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $566.58.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The business had revenue of $645.10 million during the quarter, compared to analyst estimates of $647.95 million. During the same period in the prior year, the firm posted $2.91 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. DA Davidson reaffirmed a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Guggenheim initiated coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Truist Financial set a $440.00 price objective on Tyler Technologies in a report on Friday, May 1st. Finally, Piper Sandler reduced their price objective on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $456.72.

Institutional Trading of Tyler Technologies

Several large investors have recently made changes to their positions in the business. DV Equities LLC purchased a new position in shares of Tyler Technologies during the fourth quarter worth $27,000. Raiffeisen Bank International AG boosted its holdings in Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $29,000. Bayban acquired a new stake in Tyler Technologies during the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC grew its position in Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.