Weiss Ratings Reaffirms Hold (C) Rating for Tyler Technologies (NYSE:TYL)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Tyler Technologies (NYSE: TYL), which follows several mixed ratings from other financial institutions regarding the company's stock.
• Tyler Technologies reported Q2 earnings of $2.91 EPS, exceeding estimates, alongside a revenue of $584.01 million, slightly below expectations.
• Insider trading was noted with CEO H Lynn Moore, Jr. selling shares amounting to over $3 million, representing a decrease in his holding position by 6.03%.

Tyler Technologies (NYSE:TYL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

TYL has been the subject of several other research reports. Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. UBS Group restated an "overweight" rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, DA Davidson reduced their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a "neutral" rating for the company in a research report on Friday. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $686.00.

Tyler Technologies Stock Up 0.2%

NYSE TYL traded up $0.94 on Tuesday, hitting $507.47. 112,046 shares of the stock were exchanged, compared to its average volume of 302,470. Tyler Technologies has a fifty-two week low of $483.56 and a fifty-two week high of $661.31. The company has a market cap of $21.95 billion, a PE ratio of 72.54, a PEG ratio of 3.87 and a beta of 0.89. The company has a 50-day moving average price of $546.91 and a 200-day moving average price of $560.21.

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

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares of the company's stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $11,148,043 in the last 90 days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

Large investors have recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC raised its position in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies during the 2nd quarter worth $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in Tyler Technologies during the 2nd quarter worth $32,000. Cornerstone Planning Group LLC raised its position in Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after buying an additional 42 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Tyler Technologies during the 1st quarter worth $38,000. Hedge funds and other 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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