Tyler Technologies (NYSE:TYL) Sees Strong Trading Volume – Here’s Why

Tyler Technologies, Inc. (NYSE:TYL) saw an uptick in trading volume on Tuesday . 1,259,676 shares changed hands during mid-day trading, an increase of 106% from the previous session’s volume of 612,874 shares.The stock last traded at $317.34 and had previously closed at $312.27.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TYL. Needham & Company LLC reissued a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research report on Tuesday, April 28th. Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, BTIG Research dropped their target price on shares of Tyler Technologies from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Stock Performance

The business’s 50 day simple moving average is $339.79 and its 200-day simple moving average is $396.96. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.09 and a beta of 0.86.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. Research analysts expect that Tyler Technologies, Inc. will post 9.89 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at $2,868,437.22. The trade was a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Glenn A. Carter sold 1,624 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the sale, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 7,298 shares of company stock valued at $2,658,721. 1.10% of the stock is owned by company insiders.

Institutional Trading of Tyler Technologies

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in Tyler Technologies in the third quarter worth approximately $28,000. DV Equities LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $27,000. Salomon & Ludwin LLC lifted its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $29,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies in the first quarter worth $38,000. 93.30% of the stock is owned by institutional investors.

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.