Tyler Technologies (NYSE:TYL) Issues Earnings Results, Beats Estimates By $0.13 EPS

Key Points

• Tyler Technologies (NYSE:TYL) reported a quarterly EPS of $2.91, surpassing analyst expectations of $2.78 by $0.13, with a year-over-year revenue increase of 10.2%.
• The company has provided updated guidance for FY 2025, forecasting EPS between 11.200 and 11.500.
• Insider trading revealed that CEO H Lynn Moore, Jr. sold 5,250 shares, reducing his ownership by 6.03%, while institutional investors hold 93.30% of the company's stock.

Tyler Technologies (NYSE:TYL - Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13, Briefing.com reports. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. During the same period in the prior year, the firm posted $2.40 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Tyler Technologies updated its FY 2025 guidance to 11.200-11.500 EPS.

Tyler Technologies Stock Performance

Shares of TYL traded down $0.67 during mid-day trading on Friday, reaching $583.89. 594,905 shares of the company's stock traded hands, compared to its average volume of 342,914. Tyler Technologies has a 12 month low of $513.52 and a 12 month high of $661.31. The stock has a market capitalization of $25.18 billion, a P/E ratio of 83.41, a price-to-earnings-growth ratio of 4.56 and a beta of 0.84. The business's 50-day moving average price is $573.84 and its 200-day moving average price is $578.39.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the director directly owned 2,519 shares of the company's stock, valued at approximately $1,454,495.79. The trade was a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,135 shares of company stock valued at $14,976,480. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Woodline Partners LP purchased a new stake in shares of Tyler Technologies in the first quarter valued at $2,102,000. NewEdge Advisors LLC raised its holdings in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company's stock worth $146,000 after acquiring an additional 38 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock worth $40,000 after acquiring an additional 40 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies during the first quarter worth $38,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of recent research reports. DA Davidson cut their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Piper Sandler cut their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald assumed coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $686.91.

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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