Brokers Set Expectations for TYL FY2025 Earnings

Tyler Technologies, Inc. (NYSE:TYL - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Tyler Technologies in a research note issued to investors on Tuesday, June 3rd. Cantor Fitzgerald analyst M. Vanvliet expects that the technology company will earn $8.44 per share for the year. Cantor Fitzgerald has a "Neutral" rating and a $600.00 price target on the stock. The consensus estimate for Tyler Technologies' current full-year earnings is $8.52 per share.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 earnings per share.

TYL has been the subject of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Robert W. Baird reduced their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Truist Financial reissued a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Barclays cut their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $680.50.

Tyler Technologies Price Performance

TYL traded down $4.61 on Thursday, hitting $573.38. 222,968 shares of the company's stock traded hands, compared to its average volume of 263,944. The company's 50 day simple moving average is $560.89 and its 200-day simple moving average is $586.08. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies has a one year low of $458.50 and a one year high of $661.31. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 94.62, a P/E/G ratio of 4.93 and a beta of 0.84.

Insider Activity

In other news, Director Brenda A. Cline sold 2,500 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $577.41, for a total value of $1,443,525.00. Following the sale, the director now owns 2,519 shares of the company's stock, valued at approximately $1,454,495.79. This represents a 49.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $550.00, for a total transaction of $200,750.00. Following the completion of the sale, the director now owns 2,853 shares of the company's stock, valued at $1,569,150. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,231 shares of company stock worth $9,183,738. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Tyler Technologies by 2.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock worth $453,000 after buying an additional 18 shares during the period. AdvisorNet Financial Inc increased its stake in Tyler Technologies by 7.0% in the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after purchasing an additional 19 shares during the period. Leelyn Smith LLC increased its stake in Tyler Technologies by 0.9% in the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock worth $1,234,000 after purchasing an additional 19 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after purchasing an additional 20 shares during the last quarter. Finally, Kensington Investment Counsel LLC boosted its stake in shares of Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 20 shares during the period. Institutional investors own 93.30% of the company's stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.