Tyler Technologies (NYSE:TYL) CFO Sells $448,510.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian Miller sold 1,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $448.51, for a total transaction 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 approximately $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 hyperlink.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $458.14 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $445.64 and a fifty-two week high of $661.31. The stock’s 50 day simple moving average is $474.50 and its two-hundred day simple moving average is $530.75. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 63.72, a PEG ratio of 3.47 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 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. The company had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Robert W. Baird set a $660.00 price target on Tyler Technologies in a research report on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. BTIG Research assumed coverage on Tyler Technologies in a report on Tuesday. They issued a “buy” rating and a $560.00 target price on the stock. Finally, Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $649.31.

Institutional Trading of Tyler Technologies

Institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board lifted its position in Tyler Technologies by 6.5% during the first quarter. Public Sector Pension Investment Board now owns 6,620 shares of the technology company’s stock valued at $3,849,000 after purchasing an additional 404 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Tyler Technologies by 1.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,494 shares of the technology company’s stock valued at $1,450,000 after buying an additional 34 shares during the period. Aberdeen Group plc boosted its stake in shares of Tyler Technologies by 96.5% in the 1st 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. American Century Companies Inc. grew its holdings in shares of Tyler Technologies by 14.8% in the first quarter. American Century Companies Inc. now owns 552 shares of the technology company’s stock worth $321,000 after acquiring an additional 71 shares during the period. Finally, Brooklyn Investment Group increased its position in Tyler Technologies by 31.1% during the first quarter. Brooklyn Investment Group now owns 173 shares of the technology company’s stock valued at $101,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

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.