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

Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $440.44 and last traded at $438.6620, with a volume of 40704 shares trading hands. The stock had previously closed at $453.95.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. BTIG Research started coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective for the company. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Cowen started coverage on Tyler Technologies in a report on Friday, December 12th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Finally, Robert W. Baird set a $660.00 target price on Tyler Technologies in a report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $649.31.

Tyler Technologies Trading Down 4.3%

The company has a market cap of $18.69 billion, a P/E ratio of 60.39, a PEG ratio of 3.46 and a beta of 0.91. The business’s 50 day simple moving average is $465.70 and its 200 day simple moving average is $523.21.

Tyler Technologies (NYSE:TYL) last announced 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 during the quarter, compared to analysts’ expectations of $594.34 million. During the same period in the prior year, the company posted $2.52 earnings per share. The company’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. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total value of $448,510.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction 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 transaction, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,500 shares of company stock worth $1,605,605. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in Tyler Technologies by 7.8% in the second quarter. ProShare Advisors LLC now owns 11,511 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 834 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Tyler Technologies by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after buying an additional 3,894 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Tyler Technologies by 25.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 79,178 shares of the technology company’s stock worth $46,940,000 after buying an additional 16,133 shares during the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $1,185,000. Finally, Andra AP fonden bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $1,493,000. 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.