Tyler Technologies’ (TYL) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Tyler Technologies (NYSE:TYL) in a research report released on Tuesday morning,Weiss Ratings reports.

Several other brokerages have also weighed in on TYL. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Barclays upped their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, DA Davidson lowered their target price on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $686.00.

Tyler Technologies Trading Down 0.0%

Shares of NYSE TYL opened at $506.32 on Tuesday. The firm’s 50-day moving average price is $544.85 and its 200-day moving average price is $559.84. Tyler Technologies has a 1-year low of $483.56 and a 1-year high of $661.31. The firm has a market capitalization of $21.90 billion, a P/E ratio of 72.33, a P/E/G ratio of 3.88 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the prior year, the business earned $2.40 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts forecast that Tyler Technologies will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the completion of the sale, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. This represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TYL. DLD Asset Management LP purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at approximately $5,780,190,000. Norges Bank purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at approximately $712,276,000. Jones Financial Companies Lllp lifted its stake in shares of Tyler Technologies by 17,308.3% during the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock valued at $132,484,000 after buying an additional 226,566 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after buying an additional 148,762 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Tyler Technologies during the 1st quarter valued at approximately $57,108,000. 93.30% of the stock is owned by institutional investors.

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.