Tyler Technologies (NYSE:TYL) Issues FY 2025 Earnings Guidance

Key Points

• Tyler Technologies provided FY 2025 earnings guidance with an EPS forecast of $11.200-$11.500, slightly above the consensus estimate of $11.182, and a revenue forecast of $2.3 billion-$2.4 billion, aligning with the consensus revenue estimate.
• The company reported a Q2 earnings miss with an EPS of $2.22, falling short of the $2.78 consensus estimate, and had a net margin of 13.23%.
• Recent analyst rating updates show a mix of sentiments, with Needham & Company maintaining a "buy" rating and a $750 price target, while multiple firms adjusted their price targets downward, indicating a cautious outlook.

Tyler Technologies (NYSE:TYL - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 11.200-11.500 for the period, compared to the consensus EPS estimate of 11.182. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TYL. Piper Sandler decreased their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. DA Davidson decreased their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $686.91.

Tyler Technologies Price Performance

TYL stock traded down $0.67 during midday trading on Friday, hitting $583.89. 594,905 shares of the stock traded hands, compared to its average volume of 342,914. The firm has a market cap of $25.18 billion, a P/E ratio of 83.41, a PEG ratio of 4.56 and a beta of 0.84. The stock's fifty day simple moving average is $573.84 and its 200-day simple moving average is $578.39. Tyler Technologies has a 1-year low of $513.52 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.40 earnings per share. On average, research analysts predict that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the transaction, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $47,853,094.50. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,135 shares of company stock valued at $14,976,480. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in 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 during the last quarter. Geneos Wealth Management Inc. boosted its position in 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 during the last quarter. Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the first quarter worth about $38,000. Finally, Woodline Partners LP acquired a new position in Tyler Technologies during the first quarter worth about $2,102,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

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.