Brokerages Set Tyler Technologies, Inc. (NYSE:TYL) PT at $632.21

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $617.5714.

TYL has been the topic of a number of research reports. Stifel Nicolaus started coverage on Tyler Technologies in a report on Wednesday, January 7th. They issued a “buy” rating and a $550.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on shares of Tyler Technologies in a research report on Tuesday. They set a “buy” rating and a $560.00 price target for the company. Wells Fargo & Company cut their price objective on Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $448,510.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Several large investors have recently modified their holdings of TYL. Generali Asset Management SPA SGR bought a new position in Tyler Technologies during the 2nd quarter worth approximately $30,000. Root Financial Partners LLC acquired a new position in Tyler Technologies in the third quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Tyler Technologies during the second quarter valued at $32,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter worth $38,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.3%

Shares of Tyler Technologies stock traded down $5.86 during trading hours on Friday, reaching $440.29. 309,822 shares of the company’s stock were exchanged, compared to its average volume of 316,116. Tyler Technologies has a 52-week low of $430.00 and a 52-week high of $661.31. The company has a fifty day moving average of $457.85 and a 200-day moving average of $512.34. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same period in the prior year, the business posted $2.52 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Tyler Technologies will post 8.52 earnings per share for the current fiscal year.

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.