Tyler Technologies (NYSE:TYL) CFO Brian Miller Sells 1,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.65, for a total transaction of $458,650.00. Following the transaction, the chief financial officer owned 16,148 shares in the company, valued at $7,406,280.20. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $2.72 during midday trading on Friday, reaching $458.14. 1,480,170 shares of the company’s stock were exchanged, compared to its average volume of 324,763. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 63.72, a P/E/G ratio of 3.44 and a beta of 0.91. The firm’s 50 day simple moving average is $475.40 and its two-hundred day simple moving average is $531.48. Tyler Technologies, Inc. has a fifty-two week low of $445.64 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.09. The firm 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%. The firm’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 earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Advisors MI increased its stake in shares of Tyler Technologies by 22.9% in the third quarter. Strategic Investment Advisors MI now owns 2,723 shares of the technology company’s stock worth $1,424,000 after buying an additional 508 shares during the last quarter. Allworth Financial LP raised its stake in Tyler Technologies by 17.0% during the third quarter. Allworth Financial LP now owns 317 shares of the technology company’s stock valued at $166,000 after buying 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 valued at $3,731,000 after acquiring an additional 811 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Tyler Technologies in the third quarter worth $3,120,000. Finally, Oarsman Capital Inc. raised 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 worth $2,267,000 after purchasing an additional 48 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TYL has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. TD Cowen began coverage on Tyler Technologies in a research note on Friday, December 12th. They set a “buy” rating and a $650.00 target price for the company. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, Cowen started coverage on Tyler Technologies in a research note on Friday, December 12th. They issued a “buy” rating for the company. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $649.31.

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.