Tyler Technologies (NYSE:TYL) Price Target Cut to $510.00 by Analysts at Oppenheimer

Tyler Technologies (NYSE:TYL) had its price objective cut by Oppenheimer from $600.00 to $510.00 in a research report released on Friday, MarketBeat.com reports. They currently have an outperform rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research note on Friday, October 31st. BTIG Research began coverage on Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective for the company. Stifel Nicolaus started coverage on Tyler Technologies in a research note on Wednesday, January 7th. They issued a “buy” rating and a $550.00 target price on the stock. Piper Sandler reduced their price target on Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $611.14.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $434.72 on Friday. Tyler Technologies has a 52 week low of $427.65 and a 52 week high of $661.31. The company’s 50 day moving average price is $454.72 and its two-hundred day moving average price is $507.56. The company has a market capitalization of $18.71 billion, a P/E ratio of 60.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $594.34 million. During the same quarter in the prior year, the company earned $2.52 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 11.300-11.500 EPS. Analysts forecast that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the sale, the chief financial officer owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 500 shares of the business’s 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 transaction, the director owned 3,172 shares in the company, valued at $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Generali Asset Management SPA SGR acquired a new position in Tyler Technologies during the second quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the 1st quarter valued at $38,000. Finally, Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 40 shares during the period. Institutional investors 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.