Key Points
- Tyler Technologies COO Jeffrey David Puckett sold 8,500 shares at an average price of $356.44, generating $3.03 million and reducing his direct holdings by 52.2% to 7,784 shares.
- The company reported quarterly EPS of $3.08, beating estimates by $0.03, while revenue rose 8.2% year over year to $645.1 million, slightly below consensus expectations.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $456.72; institutional investors own 93.3% of outstanding shares.
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) COO Jeffrey David Puckett sold 8,500 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tyler Technologies Stock Up 0.9%
Shares of Tyler Technologies stock opened at $353.26 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $566.58. The company has a market capitalization of $14.47 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.30 and a beta of 0.81. The company has a 50 day moving average of $313.04 and a 200 day moving average of $323.50.
Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $3.05 by $0.03. Tyler Technologies had a net margin of 13.36% and a return on equity of 11.15%. The company had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. During the same period in the prior year, the firm posted $2.91 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, research analysts forecast that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.
Institutional Investors Weigh In On Tyler Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in shares of Tyler Technologies by 29,674.6% during the second quarter. California State Teachers Retirement System now owns 19,141,507 shares of the technology company's stock worth $5,598,125,000 after purchasing an additional 19,077,219 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Tyler Technologies in the 2nd quarter valued at about $1,129,890,000. Norges Bank acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at about $921,035,000. State Street Corp increased its position in Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company's stock worth $1,019,037,000 after buying an additional 34,178 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Tyler Technologies by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company's stock worth $857,274,000 after buying an additional 44,785 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
TYL has been the topic of several recent analyst reports. BTIG Research dropped their target price on Tyler Technologies from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald lifted their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Zacks Research raised Tyler Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Tyler Technologies in a research report on Tuesday, July 21st. Finally, Truist Financial set a $440.00 target price on Tyler Technologies in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $456.72.
View Our Latest Research Report on Tyler Technologies
About Tyler Technologies
(
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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