Tyler Technologies, Inc. (NYSE:TYL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $649.3077.

Several equities analysts recently weighed in on TYL shares. DA Davidson reduced their price target on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a research report on Tuesday, December 9th. TD Cowen began coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating and a $650.00 target price for the company. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. BTIG Research assumed coverage on Tyler Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the completion of the transaction, the chief financial officer owned 12,781 shares of the company’s stock, valued at $5,995,311.48. The trade was a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,500 shares of company stock valued at $1,605,605 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently added to or reduced their stakes in the business. DLD Asset Management LP bought a new stake in shares of Tyler Technologies during the 2nd quarter worth $5,780,190,000. Norges Bank bought a new stake in Tyler Technologies in the 2nd quarter worth approximately $712,276,000. Van ECK Associates Corp boosted its stake in Tyler Technologies by 55.1% in the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock worth $444,740,000 after buying an additional 301,885 shares in the last quarter. Wellington Management Group LLP grew its position in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after acquiring an additional 252,488 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Tyler Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after acquiring an additional 234,916 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 0.3%

Shares of Tyler Technologies stock opened at $463.64 on Wednesday. The company has a market capitalization of $19.95 billion, a P/E ratio of 64.48, a price-to-earnings-growth ratio of 3.54 and a beta of 0.91. The stock has a fifty day simple moving average of $472.75 and a 200 day simple moving average of $528.53. Tyler Technologies has a 12-month low of $445.64 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts predict that Tyler Technologies will post 8.52 EPS for the current year.

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.