Tyler Technologies (NYSE:TYL) Sets New 12-Month Low – Should You Sell?

Tyler Technologies, Inc. (NYSE:TYL)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $429.02 and last traded at $431.6550, with a volume of 275331 shares. The stock had previously closed at $440.01.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TYL. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. Stifel Nicolaus began coverage on shares of Tyler Technologies in a research report on Wednesday, January 7th. They set a “buy” rating and a $550.00 target price for the company. TD Cowen began coverage on shares of Tyler Technologies in a research note on Friday, December 12th. They issued a “buy” rating and a $650.00 price target for the company. Finally, BTIG Research assumed coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $617.57.

Tyler Technologies Stock Performance

The stock’s 50 day moving average price is $457.37 and its 200-day moving average price is $510.78. The company has a market cap of $18.42 billion, a PE ratio of 59.54, a PEG ratio of 2.97 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last posted its quarterly 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. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. During the same period in the previous year, the firm posted $2.52 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity

In other news, 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 transaction of $229,365.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the transaction, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,500 shares of company stock valued at $1,605,605 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Tyler Technologies in the third quarter valued at about $28,000. Generali Asset Management SPA SGR bought a new stake in shares of Tyler Technologies in the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in Tyler Technologies during the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. bought a new position in Tyler Technologies during the 1st quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. raised its position in Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

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.