Analysts Set Tyler Technologies, Inc. (NYSE:TYL) Price Target at $632.21

Tyler Technologies, Inc. (NYSE:TYL) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $617.5714.

A number of research analysts recently commented on the company. TD Cowen started coverage on Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating and a $650.00 price target on the stock. BTIG Research began coverage on shares of Tyler Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price objective on the stock. Cowen began coverage on shares of Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Wednesday, January 7th. Finally, Piper Sandler reduced their price target on shares of Tyler Technologies from $708.00 to $671.00 and set an “overweight” rating on the stock in a report on Tuesday.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. The trade was a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of the company’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 sale, the chief financial officer directly owned 17,148 shares in the company, valued at $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,500 shares of company stock worth $1,605,605 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently bought and sold shares of TYL. Root Financial Partners LLC bought a new position in Tyler Technologies during the third quarter valued at $28,000. Generali Asset Management SPA SGR purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the 1st quarter valued at about $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 worth $40,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL opened at $442.69 on Friday. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 61.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. The firm’s fifty day moving average is $458.89 and its 200 day moving average is $514.88. Tyler Technologies has a fifty-two week low of $430.00 and a fifty-two week high of $661.31.

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, topping 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 business had revenue of $595.88 million during the quarter, compared to analyst estimates of $594.34 million. During the same quarter in the prior year, the business posted $2.52 EPS. Tyler Technologies’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. On average, equities research analysts predict that Tyler Technologies will post 8.52 earnings per share for the current year.

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.