Tyler Technologies (NYSE:TYL) CFO Brian Miller Sells 1,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian Miller sold 1,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $458.65, for a total value of $458,650.00. Following the completion of the transaction, the chief financial officer owned 16,148 shares in the company, valued at $7,406,280.20. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $458.14 on Friday. The stock has a 50-day simple moving average of $474.50 and a 200-day simple moving average of $530.75. Tyler Technologies, Inc. has a 52-week low of $445.64 and a 52-week high of $661.31. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 63.72, a P/E/G ratio of 3.47 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last posted its 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. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Hedge Funds Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $28,000. Generali Asset Management SPA SGR bought a new position in Tyler Technologies in the second quarter worth $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Tyler Technologies during the second quarter worth $32,000. Advisors Asset Management Inc. bought a new stake in Tyler Technologies in the 1st quarter valued at $38,000. Finally, Geneos Wealth Management Inc. grew its position in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Cowen initiated coverage on Tyler Technologies in a research report on Friday, December 12th. They issued a “buy” rating and a $650.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a report on Thursday, October 30th. Cowen assumed coverage on shares of Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating for the company. Finally, BTIG Research initiated coverage on Tyler Technologies in a research report on Tuesday. They issued a “buy” rating and a $560.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $649.31.

Tyler Technologies Company Profile

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.