Tyler Technologies (NYSE:TYL) Given New $510.00 Price Target at Oppenheimer

Tyler Technologies (NYSE:TYL) had its price objective dropped by stock analysts at Oppenheimer from $600.00 to $510.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective indicates a potential upside of 15.89% from the stock’s current price.

Other analysts have also issued research reports about the stock. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Wednesday, January 7th. Stifel Nicolaus initiated coverage on Tyler Technologies in a research note on Wednesday, January 7th. They set a “buy” rating and a $550.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Tyler Technologies in a research report on Tuesday, January 13th. They set a “buy” rating and a $560.00 target price for the company. Finally, Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a research note on Friday, October 31st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $611.14.

Tyler Technologies Trading Up 1.3%

NYSE TYL opened at $440.09 on Friday. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.93 and a beta of 0.91. Tyler Technologies has a 1-year low of $427.65 and a 1-year high of $661.31. The company has a 50 day moving average of $455.39 and a 200-day moving average of $508.63.

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

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction dated 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 sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at $7,691,049.48. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction 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 directly owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,500 shares of company stock worth $1,605,605 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC boosted its position in Tyler Technologies by 7.0% during the 4th quarter. Apollon Wealth Management LLC now owns 445 shares of the technology company’s stock valued at $202,000 after acquiring an additional 29 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $323,000. OFI Invest Asset Management purchased a new position in shares of Tyler Technologies in the fourth quarter worth $182,000. Apella Capital LLC bought a new position in Tyler Technologies during the fourth quarter valued at approximately $1,553,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Tyler Technologies in the 4th quarter worth $1,922,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

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.