Key Points
- Director Daniel Pope sold 680 shares for about $277,141, reducing his position by 20.46% to 2,643 shares.
- Tyler Technologies reported quarterly EPS of $3.52, topping the $3.48 consensus, while revenue of $647.57 million fell short of estimates; revenue increased 8.7% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $440.88. Separately, West Virginia’s Department of Education selected Tyler’s ERP software for a statewide modernization project; financial terms were not disclosed.
Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) Director Daniel Pope sold 680 shares of Tyler Technologies stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $407.56, for a total value of $277,140.80. Following the completion of the transaction, the director owned 2,643 shares in the company, valued at $1,077,181.08. The trade was a 20.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Tyler Technologies Price Performance
TYL stock opened at $423.62 on Thursday. The company has a market cap of $16.84 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $355.41 and a two-hundred day moving average price of $336.96. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $481.57.
Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.04. The company had revenue of $647.57 million for the quarter, compared to the consensus estimate of $651.38 million. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $2.91 EPS. As a group, research analysts predict that Tyler Technologies, Inc. will post 10.11 EPS for the current year.
Institutional Trading of Tyler Technologies
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Tyler Technologies in the second quarter valued at $1,129,890,000. Principal Financial Group Inc. grew its holdings in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company's stock valued at $597,681,000 after purchasing an additional 291,564 shares in the last quarter. Bank of America Corp DE grew its holdings in Tyler Technologies by 10.5% during the 1st quarter. Bank of America Corp DE now owns 405,095 shares of the technology company's stock valued at $138,696,000 after purchasing an additional 38,508 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Tyler Technologies by 13.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company's stock worth $117,211,000 after buying an additional 48,832 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Tyler Technologies during the 2nd quarter worth $88,645,000. Hedge funds and other institutional investors own 93.30% of the company's stock.
Wall Street Analysts Forecast Growth
TYL has been the subject of a number of research analyst reports. Piper Sandler began coverage on shares of Tyler Technologies in a research report on Monday, September 28th. They set an "overweight" rating and a $450.00 target price for the company. DA Davidson reaffirmed a "buy" rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday, October 27th. BTIG Research boosted their price objective on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. TD Cowen increased their price objective on shares of Tyler Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, October 26th. Finally, Needham & Company LLC increased their price objective on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $440.88.
Read Our Latest Analysis on Tyler Technologies
Key Tyler Technologies News
Here are the key news stories impacting Tyler Technologies this week:
- Positive Sentiment: The West Virginia Department of Education selected Tyler’s Enterprise ERP financial and human-resources software for a statewide modernization initiative. The contract adds a public-sector customer and could support future recurring revenue, although financial terms were not disclosed. Article
- Neutral Sentiment: Analyst views are mixed: BTIG raised its price target to $430 and maintained a Buy rating, while Goldman Sachs lifted its target to $385 but kept a Neutral rating. Both targets are below the latest reported share price, which may limit near-term upside expectations.
- Negative Sentiment: CEO H. Lynn Moore Jr. sold 10,000 shares for about $3.93 million, reducing his holdings by 9.06%. Director Daniel Pope also sold 680 shares for about $277,000, trimming his ownership by 20.46%. Insider sales can weigh on sentiment, though they do not necessarily signal a change in company prospects. Article
About Tyler Technologies
(
Get Free Report)
Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company's solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.
Tyler's product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.
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