Brian Miller Sells 1,000 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian Miller sold 1,000 shares of the 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 sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at $7,691,049.48. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Tyler Technologies Stock Up 0.2%

TYL stock traded up $1.07 during trading on Wednesday, hitting $451.18. The company had a trading volume of 346,370 shares, compared to its average volume of 318,967. The firm has a 50-day moving average price of $477.76 and a 200-day moving average price of $532.58. The firm has a market cap of $19.41 billion, a PE ratio of 62.75, a price-to-earnings-growth ratio of 3.40 and a beta of 0.91. Tyler Technologies, Inc. has a 1-year low of $445.64 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data 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. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The company had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same period last year, the firm earned $2.52 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a report on Friday, October 31st. Finally, TD Cowen began coverage on Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating and a $650.00 price objective on the stock. Twelve research 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 a consensus rating of “Moderate Buy” and a consensus target price of $649.31.

Institutional Trading of Tyler Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DLD Asset Management LP purchased a new position in Tyler Technologies in the second quarter valued at about $5,780,190,000. Norges Bank acquired a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $712,276,000. Van ECK Associates Corp increased its stake in Tyler Technologies by 55.1% in the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after purchasing an additional 301,885 shares in the last quarter. Wellington Management Group LLP raised its holdings in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after purchasing an additional 252,488 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Tyler Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after purchasing an additional 234,916 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.