Tyler Technologies (NYSE:TYL) Sets New 52-Week Low – Here’s What Happened

Tyler Technologies, Inc. (NYSE:TYL) shares hit a new 52-week low on Friday . The stock traded as low as $440.44 and last traded at $438.6620, with a volume of 40704 shares. The stock had previously closed at $453.95.

Analyst Ratings Changes

TYL has been the subject of a number of research reports. DA Davidson lowered their price target on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. BTIG Research began coverage on shares of Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 target price for the company. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, Cowen initiated coverage on shares of Tyler Technologies in a research note on Friday, December 12th. They set a “buy” rating for the company. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $649.31.

Tyler Technologies Trading Down 4.0%

The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 60.59, a price-to-earnings-growth ratio of 2.95 and a beta of 0.91. The firm has a 50-day moving average of $464.23 and a 200 day moving average of $521.73.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds have recently bought and sold shares of TYL. Root Financial Partners LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at approximately $28,000. Generali Asset Management SPA SGR bought a new stake in shares of Tyler Technologies in the second quarter worth $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Tyler Technologies in the second quarter valued at $32,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the first quarter valued at $38,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

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.