Key Points
- Insider purchase: Abigail Marshall Diaz-Pedrosa bought 610 shares at an average price of $325.08 on Feb 20, spending about $198,299 and raising her stake to 1,123 shares (a 118.91% increase).
- Recent results and valuation: Tyler Technologies missed Q earnings (EPS $2.64 vs. $2.71 expected) with revenue of $575.18M (up 6.3% YoY); the stock trades near $324, market cap ~$13.94B and a P/E of 45.03.
- Analyst and institutional backdrop: The stock has a "Moderate Buy" consensus (12 Buys, 3 Holds) with an average target of ~$467.54, and institutional ownership is high at about 93.3% with several large funds meaningfully increasing positions.
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of Tyler Technologies stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $325.08 per share, for a total transaction of $198,298.80. Following the completion of the purchase, the insider owned 1,123 shares in the company, valued at approximately $365,064.84. The trade was a 118.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Tyler Technologies Stock Up 2.1%
Shares of NYSE TYL opened at $324.22 on Wednesday. The company has a market capitalization of $13.94 billion, a PE ratio of 45.03, a P/E/G ratio of 2.12 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $626.56. The firm has a fifty day simple moving average of $403.92 and a 200 day simple moving average of $471.67.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts' consensus estimates of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The firm had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. During the same period last year, the company posted $2.43 EPS. The business's revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Tyler Technologies
Institutional investors have recently modified their holdings of the company. DLD Asset Management LP acquired a new stake in Tyler Technologies in the 2nd quarter valued at $5,780,190,000. Norges Bank bought a new position in shares of Tyler Technologies in the fourth quarter valued at $921,035,000. Van ECK Associates Corp grew its holdings in shares of Tyler Technologies by 43.2% during the fourth quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company's stock valued at $552,596,000 after buying an additional 367,203 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company's stock worth $314,302,000 after acquiring an additional 252,488 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new stake in shares of Tyler Technologies during the fourth quarter worth about $106,740,000. 93.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TYL. DA Davidson reiterated a "buy" rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Tuesday, February 17th. Wells Fargo & Company reduced their price objective on shares of Tyler Technologies from $420.00 to $335.00 and set an "equal weight" rating for the company in a research report on Friday, February 13th. Robert W. Baird set a $440.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Finally, BTIG Research reduced their price target on shares of Tyler Technologies from $560.00 to $470.00 and set a "buy" rating for the company in a report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $467.54.
View Our Latest Research Report on TYL
Tyler Technologies Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
