Tyler Technologies (NYSE:TYL) Director Sells $229,365.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Glenn Carter sold 500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $6.91 during trading hours on Monday, hitting $448.73. The company’s stock had a trading volume of 164,235 shares, compared to its average volume of 316,836. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 62.41, a P/E/G ratio of 3.47 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $448.13 and a twelve month high of $661.31. The firm has a fifty day moving average of $479.47 and a 200-day moving average of $534.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The firm had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same period in the previous year, the firm earned $2.52 EPS. Tyler Technologies’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

TYL has been the subject of a number of research reports. Robert W. Baird set a $660.00 price objective on Tyler Technologies in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Cowen started coverage on shares of Tyler Technologies in a research note on Friday. They issued a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $656.75.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. grew its stake in Tyler Technologies by 5.3% in the second quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 2.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock valued at $558,000 after buying an additional 19 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Tyler Technologies by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after buying an additional 19 shares in the last quarter. Nordea Investment Management AB increased its holdings in Tyler Technologies by 0.6% in the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after buying an additional 20 shares during the last quarter. Finally, Signaturefd LLC raised its position in Tyler Technologies by 3.9% during the third quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock valued at $321,000 after acquiring an additional 23 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.