Key Points
- Director Daniel Pope sold 500 shares on March 2 at an average price of $355.40 for a total of $177,700, reducing his holdings by 14.83% to 2,871 shares valued at about $1.02 million.
- The stock recently traded at $376.39, sits below its 50‑day and 200‑day moving averages ($391.55 and $463.20), has a 12‑month range of $283.71–$622.34, a market cap of $16.18 billion and a P/E of 52.28.
- Tyler missed quarterly estimates (EPS $2.64 vs. $2.71; revenue $575.18M vs. $591.09M) despite 6.3% YoY revenue growth, and analysts maintain a consensus rating of “Moderate Buy” with a consensus target around $467.54 amid several recent price‑target cuts.
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Daniel Pope sold 500 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the sale, the director owned 2,871 shares in the company, valued at $1,020,353.40. This represents a 14.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Tyler Technologies Price Performance
TYL traded up $8.23 during trading on Thursday, hitting $376.39. 101,166 shares of the stock traded hands, compared to its average volume of 721,638. The business has a 50 day moving average price of $391.55 and a 200 day moving average price of $463.20. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $622.34. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 2.46 and a beta of 0.90.
Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same quarter in the previous year, the business posted $2.43 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.
Institutional Trading of Tyler Technologies
Several institutional investors have recently modified their holdings of the business. General American Investors Co. Inc. raised its holdings in shares of Tyler Technologies by 7.2% in the third quarter. General American Investors Co. Inc. now owns 44,381 shares of the technology company's stock valued at $23,218,000 after purchasing an additional 3,000 shares during the last quarter. Lazard Freres Gestion S.A.S. grew its position in Tyler Technologies by 150.0% in the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 5,000 shares of the technology company's stock worth $2,615,000 after purchasing an additional 3,000 shares in the last quarter. ICICI Prudential Asset Management Co Ltd bought a new stake in Tyler Technologies in the 3rd quarter worth about $2,111,000. Principal Financial Group Inc. increased its stake in Tyler Technologies by 11.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company's stock valued at $738,010,000 after buying an additional 144,612 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Tyler Technologies by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 172,932 shares of the technology company's stock worth $90,471,000 after buying an additional 8,126 shares in the last quarter. Institutional investors own 93.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Tyler Technologies from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Wells Fargo & Company dropped 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 note on Friday, February 13th. Robert W. Baird set a $440.00 target price on shares of Tyler Technologies in a research report on Friday, February 13th. Cantor Fitzgerald reiterated a "neutral" rating and set a $325.00 price target on shares of Tyler Technologies in a report on Friday, February 13th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $467.54.
Check Out Our Latest Stock Analysis 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.
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