Tyler Technologies (NYSE:TYL) Insider John Marr Jr Sells 4,250 Shares

Key Points

• Insider Activity: John Marr Jr., an insider at Tyler Technologies, sold 4,250 shares at an average price of $555.53, decreasing his ownership by 37.83%.
• Stock Performance: Tyler Technologies' stock is currently trading down 2.1%, with a price of $551.07, and has a market capitalization of $23.84 billion.
• Earnings Report: The company reported an EPS of $2.91 for the last quarter, surpassing estimates, while revenue increased by 10.2% year-over-year.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider John Marr, Jr. sold 4,250 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares of the company's stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tyler Technologies Trading Down 2.1%

NYSE:TYL traded down $11.81 during mid-day trading on Tuesday, hitting $551.07. The stock had a trading volume of 87,635 shares, compared to its average volume of 292,790. The company has a 50 day simple moving average of $573.03 and a 200-day simple moving average of $574.01. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 78.72, a P/E/G ratio of 4.32 and a beta of 0.89. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TYL. HighPoint Advisor Group LLC raised its position in shares of Tyler Technologies by 10.9% during the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after purchasing an additional 70 shares during the period. Exchange Traded Concepts LLC increased its stake in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after purchasing an additional 56 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Tyler Technologies by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after buying an additional 31 shares during the period. CX Institutional purchased a new stake in Tyler Technologies during the first quarter valued at about $176,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Tyler Technologies during the first quarter valued at about $358,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. DA Davidson set a $585.00 target price on shares of Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and a consensus target price of $688.27.

Tyler Technologies Company Profile

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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