Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tyler Technologies, Inc. (NYSE:TYL) have been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $632.2143.

Several equities analysts recently weighed in on TYL shares. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating for the company in a research report on Thursday. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Finally, Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research report on Friday, October 31st.

Tyler Technologies Trading Down 1.1%

Shares of Tyler Technologies stock opened at $448.64 on Friday. The firm has a fifty day simple moving average of $459.86 and a 200-day simple moving average of $517.24. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 3.04 and a beta of 0.91. Tyler Technologies has a 1-year low of $430.00 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its earnings results 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. The business had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. Tyler Technologies’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, research analysts predict that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the business’s 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 transaction, the chief financial officer directly owned 17,148 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,500 shares of company stock worth $1,605,605. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies during the 1st quarter worth about $38,000. NewEdge Advisors LLC raised its position in Tyler Technologies by 17.8% in the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after purchasing an additional 38 shares in the last quarter. Empowered Funds LLC lifted its stake in Tyler Technologies by 52.3% during the first quarter. Empowered Funds LLC now owns 5,463 shares of the technology company’s stock worth $3,176,000 after purchasing an additional 1,875 shares during the period. Woodline Partners LP acquired a new stake in Tyler Technologies during the first quarter valued at approximately $2,102,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Tyler Technologies by 137.9% in 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 period. 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.