Glenn Carter Sells 500 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Glenn Carter sold 500 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tyler Technologies Stock Up 0.6%

Shares of NYSE:TYL opened at $449.72 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $445.64 and a 12-month high of $661.31. The stock has a market cap of $19.35 billion, a PE ratio of 62.55, a P/E/G ratio of 3.40 and a beta of 0.91. The business has a 50 day moving average of $477.76 and a 200-day moving average of $532.58.

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 analysts’ consensus estimates of $2.88 by $0.09. The company had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds have recently added to or reduced their stakes in TYL. Mather Group LLC. boosted its stake in Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after purchasing an additional 19 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 2.1% during the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock valued at $558,000 after purchasing an additional 19 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after buying an additional 19 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock valued at $2,068,000 after buying an additional 20 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Tyler Technologies by 3.9% in the 3rd quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock worth $321,000 after buying an additional 23 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. TD Cowen began coverage on Tyler Technologies in a research report 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 price objective on Tyler Technologies in a research report on Friday, October 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. Finally, Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday. They issued a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $649.31.

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.