Tyler Technologies (NYSE:TYL) Reaches New 1-Year Low - Here's Why

Key Points

• Tyler Technologies reached a new 52-week low, trading at $511.41 after closing at $523.16, indicating a significant decline in stock value.
• Analysts maintain a consensus rating of "Moderate Buy" for Tyler Technologies, with a price target averaging $688.27, despite recent downgrades from some firms.
• Insider trading activity reveals notable sales, including a 6.03% decrease in CEO H Lynn Moore's position after selling shares worth over $3 million.

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $510.00 and last traded at $511.41, with a volume of 97456 shares changing hands. The stock had previously closed at $523.16.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TYL shares. Cantor Fitzgerald started coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Barclays increased their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Stock Performance

The company has a 50 day moving average price of $558.63 and a 200 day moving average price of $564.89. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 71.84, a P/E/G ratio of 4.06 and a beta of 0.89.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $11,148,043 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its holdings in shares of Tyler Technologies by 7.0% in the 1st quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after purchasing an additional 19 shares during the period. Leelyn Smith LLC raised its holdings in shares of Tyler Technologies by 0.9% in the 1st 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 period. Mather Group LLC. raised its holdings in shares of Tyler Technologies by 5.3% in the 2nd 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 period. Meridian Wealth Management LLC raised its holdings in shares of Tyler Technologies by 2.1% in the 2nd 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 period. Finally, Cerity Partners LLC raised its holdings in shares of Tyler Technologies by 0.6% in the 2nd 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 period. 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.

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