Key Points
- Glenn Carter sold 500 shares of Tyler Technologies on Dec. 12 at an average price of $458.73 for $229,365, cutting his stake by 13.62% to 3,172 shares worth about $1.455M, according to an SEC filing.
- Tyler beat recent quarterly expectations, reporting $2.97 EPS vs. $2.88 expected and $595.88M in revenue (up 10.2% year-over-year), and set FY2025 guidance of $11.30–$11.50 EPS.
- Analyst and valuation snapshot: the stock has a $19.24B market cap and a PE of 62.2, holds a "Moderate Buy" consensus with an average price target of $656.75, though some analysts have lowered targets (e.g., DA Davidson to $510).
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Glenn Carter sold 500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director directly owned 3,172 shares of the company's stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Tyler Technologies Trading Down 1.9%
Shares of TYL stock opened at $447.20 on Tuesday. The firm has a fifty day simple moving average of $478.48 and a 200-day simple moving average of $533.47. The company has a market capitalization of $19.24 billion, a PE ratio of 62.20, a price-to-earnings-growth ratio of 3.47 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $445.64 and a twelve month high of $661.31.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.09. The firm had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Generali Asset Management SPA SGR bought a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $30,000. Root Financial Partners LLC acquired a new position in Tyler Technologies during the 3rd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Tyler Technologies during the 2nd quarter worth $32,000. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the first quarter worth $38,000. Finally, Geneos Wealth Management Inc. increased 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 buying an additional 40 shares during the period. 93.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Robert W. Baird set a $660.00 target price on Tyler Technologies in a research report on Friday, October 31st. DA Davidson cut their price target on shares of Tyler Technologies from $540.00 to $510.00 and set a "neutral" rating on the stock in a report on Tuesday, December 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Evercore ISI restated a "positive" rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $656.75.
Get Our Latest Analysis on TYL
Tyler Technologies Company Profile
(
Get Free Report)
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.
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