Tyler Technologies (NYSE:TYL) Sets New 12-Month Low on Insider Selling

Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week low during trading on Monday following insider selling activity. The company traded as low as $445.01 and last traded at $453.9280, with a volume of 96 shares. The stock had previously closed at $455.64.

Specifically, Director Glenn A. Carter sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. DA Davidson reduced their price target on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. TD Cowen began coverage on shares of Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating and a $650.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Cowen initiated coverage on shares of Tyler Technologies in a research note on Friday. They issued a “buy” rating for the company. Finally, Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a research note on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $649.31.

Tyler Technologies Stock Performance

The stock has a market cap of $19.35 billion, a PE ratio of 62.55, a price-to-earnings-growth ratio of 3.40 and a beta of 0.91. The firm has a 50-day moving average price of $477.76 and a 200-day moving average price of $532.58.

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

Institutional Investors Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its position in Tyler Technologies by 17.0% in the 3rd quarter. Allworth Financial LP now owns 317 shares of the technology company’s stock valued at $166,000 after acquiring an additional 46 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Tyler Technologies by 12.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,132 shares of the technology company’s stock worth $3,731,000 after purchasing an additional 811 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Tyler Technologies in the third quarter worth $3,120,000. Oarsman Capital Inc. lifted its holdings in shares of Tyler Technologies by 1.1% during the third quarter. Oarsman Capital Inc. now owns 4,334 shares of the technology company’s stock valued at $2,267,000 after purchasing an additional 48 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of Tyler Technologies by 1.1% during the third quarter. Centaurus Financial Inc. now owns 14,374 shares of the technology company’s stock valued at $7,520,000 after buying an additional 156 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

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.