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

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian Miller sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 17,148 shares of the company’s stock, valued at $7,691,049.48. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tyler Technologies Price Performance

TYL traded up $3.56 during trading on Thursday, reaching $454.82. 10,690 shares of the stock were exchanged, compared to its average volume of 317,683. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 63.02, a P/E/G ratio of 3.43 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. The business’s 50 day moving average price is $476.42 and its two-hundred day moving average price is $532.01.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.09. The business had revenue of $595.88 million during the quarter, compared to the consensus estimate of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently modified their holdings of TYL. Generali Asset Management SPA SGR acquired a new stake in shares of Tyler Technologies in the second quarter worth $30,000. Root Financial Partners LLC acquired a new stake in Tyler Technologies in the 3rd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Tyler Technologies in the second quarter valued at about $32,000. Advisors Asset Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter worth about $38,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several research reports. BTIG Research initiated coverage on shares of Tyler Technologies in a research report on Tuesday. They issued a “buy” rating and a $560.00 price target on the stock. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Cowen assumed coverage on Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, Oppenheimer restated an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $649.31.

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.