FY2025 EPS Estimates for TYL Boosted by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald increased their FY2025 EPS estimate for Tyler Technologies from $8.44 to $8.71, maintaining a "Neutral" rating with a price target of $600.00.
• Tyler Technologies reported a quarterly EPS of $2.91, surpassing analysts' estimates and showing a 10.2% year-over-year revenue increase.
• Insider selling activity has been notable, with significant shares sold by key executives, highlighting potential concerns about insider confidence.

Tyler Technologies, Inc. (NYSE:TYL - Free Report) - Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for Tyler Technologies in a research report issued to clients and investors on Friday, August 1st. Cantor Fitzgerald analyst M. Vanvliet now forecasts that the technology company will post earnings per share of $8.71 for the year, up from their previous estimate of $8.44. Cantor Fitzgerald has a "Neutral" rating and a $600.00 price objective on the stock. The consensus estimate for Tyler Technologies' current full-year earnings is $8.52 per share. Cantor Fitzgerald also issued estimates for Tyler Technologies' FY2026 earnings at $9.75 EPS.

A number of other research analysts also recently commented on TYL. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Piper Sandler reduced their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird cut their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Trading Down 2.8%

TYL traded down $16.92 during mid-day trading on Monday, hitting $594.85. 318,693 shares of the stock were exchanged, compared to its average volume of 293,091. The firm's fifty day moving average is $575.98 and its two-hundred day moving average is $579.13. Tyler Technologies has a 1-year low of $513.52 and a 1-year high of $661.31. The company has a market cap of $25.73 billion, a PE ratio of 84.98, a PEG ratio of 4.67 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter in the previous year, the company posted $2.40 earnings per share. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $580.77, for a total transaction of $3,049,042.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $47,492,466.75. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 3,333 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the sale, the chief financial officer directly owned 11,231 shares of the company's stock, valued at approximately $6,384,374.26. The trade was a 22.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,352 shares of company stock worth $17,449,676. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Tyler Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in Tyler Technologies by 19.8% during the 4th quarter. LPL Financial LLC now owns 13,363 shares of the technology company's stock worth $7,706,000 after acquiring an additional 2,204 shares during the period. Thoroughbred Financial Services LLC boosted its position in Tyler Technologies by 5.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 2,074 shares of the technology company's stock valued at $1,195,000 after buying an additional 101 shares during the period. Prudential PLC lifted its position in shares of Tyler Technologies by 186.2% in the 4th quarter. Prudential PLC now owns 1,162 shares of the technology company's stock worth $670,000 after purchasing an additional 756 shares during the period. Wells Fargo & Company MN lifted its position in shares of Tyler Technologies by 22.5% in the 4th quarter. Wells Fargo & Company MN now owns 108,107 shares of the technology company's stock worth $62,339,000 after purchasing an additional 19,858 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Tyler Technologies in the 4th quarter worth about $10,184,000. 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.