Tyler Technologies (NYSE:TYL) Insider Sells $2,242,600.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John Marr, Jr. sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,915,018.95. This represents a 36.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tyler Technologies Price Performance

TYL stock opened at $545.24 on Friday. The business has a fifty day moving average price of $567.17 and a 200 day moving average price of $569.83. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 77.89, a P/E/G ratio of 4.25 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Cantor Fitzgerald assumed coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price objective on the stock. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Barclays raised their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $688.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TYL. Retirement Wealth Solutions LLC bought a new position in Tyler Technologies during the first quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after acquiring an additional 41 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Tyler Technologies during the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC bought a new position in Tyler Technologies during the second quarter worth about $32,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after acquiring an additional 42 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

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.