Insider Selling: Tyler Technologies (NYSE:TYL) Director Sells $229,365.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Glenn Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $451.18 on Thursday. The stock has a market cap of $19.41 billion, a price-to-earnings ratio of 62.75, a PEG ratio of 3.43 and a beta of 0.91. Tyler Technologies, Inc. has a 12 month low of $445.64 and a 12 month high of $661.31. The stock’s 50 day moving average price is $476.42 and its 200 day moving average price is $532.01.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $594.34 million. During the same period last year, the company posted $2.52 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. 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 year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TYL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. BTIG Research began coverage on shares of Tyler Technologies in a research note on Tuesday. They set a “buy” rating and a $560.00 target price for the company. TD Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating and a $650.00 price target on the stock. Finally, Robert W. Baird set a $660.00 price target on Tyler Technologies in a report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $649.31.

Institutional Investors Weigh In On Tyler Technologies

A number of large investors have recently made changes to their positions in the company. DLD Asset Management LP purchased a new position in shares of Tyler Technologies during the second quarter valued at $5,780,190,000. Norges Bank acquired a new stake in Tyler Technologies during the 2nd quarter worth about $712,276,000. Van ECK Associates Corp boosted its position in Tyler Technologies by 55.1% during the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock worth $444,740,000 after acquiring an additional 301,885 shares during the period. Wellington Management Group LLP grew its stake in Tyler Technologies by 72.5% during the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after acquiring an additional 252,488 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Tyler Technologies

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.