Tyler Technologies (NYSE:TYL) Reaches New 12-Month Low – What’s Next?

Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week low on Monday . The stock traded as low as $445.01 and last traded at $453.9280, with a volume of 96 shares changing hands. The stock had previously closed at $455.64.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Finally, TD Cowen started coverage on shares of Tyler Technologies in a research note on Friday. They set a “buy” rating and a $650.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $656.75.

Tyler Technologies Price Performance

The firm has a market cap of $19.34 billion, a P/E ratio of 62.74, a P/E/G ratio of 3.47 and a beta of 0.91. The company has a fifty day moving average of $479.47 and a 200-day moving average of $534.35.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. 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 previous year, the firm earned $2.52 EPS. The business’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, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. This represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors have recently modified their holdings of TYL. Public Sector Pension Investment Board boosted its position in Tyler Technologies by 6.5% in the first quarter. Public Sector Pension Investment Board now owns 6,620 shares of the technology company’s stock worth $3,849,000 after purchasing an additional 404 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Tyler Technologies by 111.7% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,226 shares of the technology company’s stock worth $713,000 after purchasing an additional 647 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Tyler Technologies by 1.4% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,494 shares of the technology company’s stock worth $1,450,000 after buying an additional 34 shares during the last quarter. Horizon Investments LLC grew its position in Tyler Technologies by 5.1% during the first quarter. Horizon Investments LLC now owns 613 shares of the technology company’s stock valued at $356,000 after buying an additional 30 shares during the period. Finally, Aberdeen Group plc increased its holdings in Tyler Technologies by 96.5% during the first quarter. Aberdeen Group plc now owns 25,220 shares of the technology company’s stock worth $14,422,000 after buying an additional 12,383 shares during the last quarter. 93.30% of the stock is 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.