Analysts Set Tyler Technologies, Inc. (NYSE:TYL) Price Target at $688.27

Tyler Technologies, Inc. (NYSE:TYL) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $688.2727.

A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 target price for the company.

Tyler Technologies Stock Down 1.6%

Shares of Tyler Technologies stock opened at $545.24 on Monday. The stock has a market capitalization of $23.59 billion, a P/E ratio of 77.89, a price-to-earnings-growth ratio of 4.18 and a beta of 0.89. Tyler Technologies has a 12-month low of $513.52 and a 12-month high of $661.31. The company has a 50-day simple moving average of $567.17 and a 200 day simple moving average of $569.59.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. During the same quarter in the previous year, the company earned $2.40 EPS. Tyler Technologies’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts anticipate that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,750 shares of company stock valued at $10,744,318 in the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in shares of Tyler Technologies by 5.8% during the 4th quarter. Cetera Investment Advisers now owns 11,003 shares of the technology company’s stock valued at $6,345,000 after purchasing an additional 602 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Tyler Technologies by 268.5% during the 4th quarter. EP Wealth Advisors LLC now owns 1,861 shares of the technology company’s stock valued at $1,073,000 after buying an additional 1,356 shares in the last quarter. Deutsche Bank AG grew its holdings in Tyler Technologies by 49.0% during the 4th quarter. Deutsche Bank AG now owns 160,876 shares of the technology company’s stock valued at $92,768,000 after buying an additional 52,936 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Tyler Technologies by 59.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,555 shares of the technology company’s stock valued at $18,773,000 after acquiring an additional 12,138 shares during the last quarter. Finally, Ethic Inc. boosted its position in shares of Tyler Technologies by 1.3% during the 4th quarter. Ethic Inc. now owns 4,234 shares of the technology company’s stock valued at $2,441,000 after acquiring an additional 54 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

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.