Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tyler Technologies, Inc. (NYSE:TYL) has received an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $682.8889.

TYL has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Barclays increased their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, DA Davidson reduced their price objective on Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $11,148,043 in the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after acquiring an additional 41 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies in the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Tyler Technologies in the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC lifted its holdings in Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after buying an additional 42 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Tyler Technologies in the 1st quarter worth approximately $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 0.2%

Shares of NYSE TYL opened at $509.64 on Tuesday. The firm has a market capitalization of $22.05 billion, a P/E ratio of 72.81, a P/E/G ratio of 3.90 and a beta of 0.89. The stock’s 50-day simple moving average is $531.48 and its two-hundred day simple moving average is $556.87. Tyler Technologies has a twelve month low of $483.56 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts anticipate that Tyler Technologies will post 8.52 EPS for the current fiscal year.

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.