Key Points
- Andrew Teed, a Tyler Technologies director, bought 1,600 shares on Feb. 23 at an average price of $309.91 per share (~$495,856), raising his holdings to 5,118 shares—a 45.48% increase valued at about $1.59M according to the SEC filing.
- Tyler missed quarterly estimates with EPS of $2.64 vs. $2.71 and revenue of $575.2M vs. $591.1M; the stock traded near $351.49, has a $15.11B market cap, and carries a consensus analyst rating of Moderate Buy with an average price target of $467.54.
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Andrew Teed purchased 1,600 shares of the business's stock in a transaction on Monday, February 23rd. The shares were acquired at an average price of $309.91 per share, for a total transaction of $495,856.00. Following the completion of the acquisition, the director directly owned 5,118 shares in the company, valued at approximately $1,586,119.38. This represents a 45.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Tyler Technologies Price Performance
Shares of NYSE:TYL traded up $16.38 during mid-day trading on Thursday, hitting $351.49. The company had a trading volume of 161,866 shares, compared to its average volume of 714,603. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $626.56. The firm has a fifty day moving average price of $401.61 and a 200 day moving average price of $470.72. The company has a market capitalization of $15.11 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.
Tyler Technologies (NYSE:TYL - Get Free Report) last posted 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 return on equity of 10.42% and a net margin of 13.53%.The company had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. During the same quarter in the previous year, the business posted $2.43 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $325.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. Oppenheimer reduced their price target on shares of Tyler Technologies from $510.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Robert W. Baird set a $440.00 price target on shares of Tyler Technologies in a research note on Friday, February 13th. DA Davidson reaffirmed a "buy" rating and issued a $460.00 price objective on shares of Tyler Technologies in a research note on Tuesday, February 17th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $467.54.
Get Our Latest Research Report on Tyler Technologies
Institutional Investors Weigh In On Tyler Technologies
A number of institutional investors have recently added to or reduced their stakes in TYL. Root Financial Partners LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Tyler Technologies in the second quarter worth $32,000. DV Equities LLC bought a new position in Tyler Technologies in the 4th quarter valued at $27,000. Salomon & Ludwin LLC increased its holdings in Tyler Technologies by 6,100.0% during 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. Finally, Elyxium Wealth LLC bought a new stake in Tyler Technologies in the fourth quarter worth about $29,000. 93.30% of the stock is owned by institutional investors.
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.
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