Tyler Technologies (NYSE:TYL) Issues Earnings Results

Tyler Technologies (NYSE:TYL) released its quarterly earnings results on Wednesday. The technology company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.07), FiscalAI reports. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The firm had revenue of $575.18 million for the quarter, compared to analysts’ expectations of $591.09 million.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $20.54 during trading hours on Wednesday, reaching $339.97. 1,250,171 shares of the company were exchanged, compared to its average volume of 570,894. The firm has a market cap of $14.63 billion, a PE ratio of 47.28, a PEG ratio of 2.39 and a beta of 0.91. Tyler Technologies has a 1 year low of $320.23 and a 1 year high of $661.31. The stock’s fifty day moving average is $432.55 and its 200 day moving average is $490.73.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of Tyler Technologies in a report on Tuesday, January 13th. They issued a “buy” rating and a $560.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, February 3rd. BTIG Research decreased their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a report on Monday. Oppenheimer decreased their price objective on shares of Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $597.57.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the transaction, the chief financial officer owned 17,148 shares in the company, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glenn A. 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 value of $229,365.00. Following the completion of the transaction, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. The trade was a 13.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,500 shares of company stock worth $1,605,605. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Tyler Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its position in Tyler Technologies by 7.8% during the 4th quarter. Ameritas Investment Partners Inc. now owns 6,333 shares of the technology company’s stock worth $2,875,000 after purchasing an additional 460 shares during the period. Zions Bancorporation National Association UT lifted its holdings in shares of Tyler Technologies by 1,657.9% during the 4th quarter. Zions Bancorporation National Association UT now owns 334 shares of the technology company’s stock worth $152,000 after acquiring an additional 315 shares during the period. Metis Global Partners LLC grew its stake in shares of Tyler Technologies by 44.5% during the 4th quarter. Metis Global Partners LLC now owns 2,590 shares of the technology company’s stock valued at $1,176,000 after buying an additional 798 shares during the period. Deutsche Bank AG lifted its stake in shares of Tyler Technologies by 11.1% in the 4th quarter. Deutsche Bank AG now owns 235,084 shares of the technology company’s stock valued at $106,716,000 after purchasing an additional 23,541 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its position in shares of Tyler Technologies by 38.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 584 shares of the technology company’s stock worth $265,000 after acquiring an additional 161 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

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.