Tyler Technologies (NYSE:TYL) Director Sells $229,365.00 in Stock

by · The Cerbat Gem

Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) Director Glenn Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies Stock Down 1.5%

Shares of NYSE:TYL traded down $6.91 on Monday, reaching $448.73. The company had a trading volume of 164,235 shares, compared to its average volume of 316,836. The stock has a market capitalization of $19.31 billion, a P/E ratio of 62.41, a P/E/G ratio of 3.47 and a beta of 0.91. The stock has a 50-day moving average price of $479.47 and a 200 day moving average price of $534.35. Tyler Technologies, Inc. has a twelve month low of $448.13 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The business had revenue of $595.88 million for the quarter, compared to the consensus estimate of $594.34 million. During the same period last year, the business earned $2.52 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the company. DLD Asset Management LP acquired a new position in shares of Tyler Technologies in the second quarter valued at $5,780,190,000. Norges Bank bought a new stake in Tyler Technologies in the 2nd quarter valued at $712,276,000. Van ECK Associates Corp increased its holdings in Tyler Technologies by 55.1% in the 3rd quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company’s stock valued at $444,740,000 after buying an additional 301,885 shares during the period. Wellington Management Group LLP raised its stake in shares of Tyler Technologies by 72.5% in the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after buying an additional 252,488 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after acquiring an additional 234,916 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TYL shares. Oppenheimer restated an “outperform” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, October 30th. TD Cowen began coverage on shares of Tyler Technologies in a research report on Friday. They set a “buy” rating and a $650.00 target price for the company. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a report on Friday, October 31st. DA Davidson dropped their price objective on Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. Finally, Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $656.75.

View Our Latest Stock Analysis on TYL

About Tyler Technologies

(Get Free Report)

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.

Featured Stories