Tyler Technologies (NYSE:TYL) Director Andrew Teed Acquires 1,600 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Andrew Teed purchased 1,600 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $309.91 per share, with a total value of $495,856.00. Following the purchase, the director owned 5,118 shares of the company’s stock, valued at approximately $1,586,119.38. The trade was a 45.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tyler Technologies Stock Performance

TYL traded up $16.38 during trading hours on Thursday, reaching $351.49. The company’s stock had a trading volume of 161,866 shares, compared to its average volume of 714,603. The company’s 50-day moving average is $401.61 and its 200-day moving average is $470.72. Tyler Technologies, Inc. has a 52 week low of $283.71 and a 52 week high of $626.56. The firm has a market cap of $15.11 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The company had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same period in the previous year, the company earned $2.43 earnings per share. Tyler Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Institutional Trading of Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC lifted its position in shares of Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC bought a new stake in Tyler Technologies during the fourth quarter valued at $27,000. Root Financial Partners LLC acquired a new stake in Tyler Technologies during the 3rd quarter worth about $28,000. Elyxium Wealth LLC bought a new position in shares of Tyler Technologies in the 4th quarter worth about $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $32,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of analyst reports. Evercore reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Oppenheimer decreased their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. TD Cowen cut their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 13th. BTIG Research dropped their target price on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Finally, Piper Sandler restated an “overweight” rating and set a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

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.