Tyler Technologies, Inc. (NYSE:TYL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Tyler Technologies, Inc. has received a consensus rating of "Moderate Buy" from eleven analysts, with an average 1-year target price of $688.27.
• Insider John S. Marr, Jr. recently sold 4,250 shares at an average price of $555.53, representing a 37.83% decrease in his position.
• Tyler Technologies reported $2.91 earnings per share for the last quarter, exceeding analysts' expectations of $2.78, while revenue increased by 10.2% year-over-year.

Shares of Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $688.2727.

A number of research analysts recently weighed in on TYL shares. Barclays lifted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th.

Insider Activity at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,250 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at $3,879,265.99. The trade was a 37.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares of the company's stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock worth $11,148,043. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Leelyn Smith LLC raised its holdings in shares of Tyler Technologies by 0.9% during 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 last quarter. Mather Group LLC. raised its holdings in shares of Tyler Technologies by 5.3% during the second quarter. Mather Group LLC. now owns 379 shares of the technology company's stock worth $225,000 after purchasing an additional 19 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Tyler Technologies by 2.1% during the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company's stock worth $558,000 after purchasing an additional 19 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company's stock worth $1,754,000 after purchasing an additional 19 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company's stock worth $2,068,000 after purchasing an additional 20 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 0.4%

Shares of TYL stock opened at $498.88 on Friday. Tyler Technologies has a 12-month low of $494.32 and a 12-month high of $661.31. The firm has a market cap of $21.58 billion, a P/E ratio of 71.27, a PEG ratio of 3.84 and a beta of 0.89. The company has a 50 day moving average of $556.24 and a 200-day moving average of $563.92.

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, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The business had revenue of $584.01 million during the quarter, compared to analyst estimates of $587.59 million. During the same period in the previous year, the business earned $2.40 EPS. Tyler Technologies's revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts expect that Tyler Technologies will post 8.52 EPS for the current year.

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.

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