John Marr, Jr. Sells 4,250 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John Marr, Jr. sold 4,250 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the completion of the transaction, the insider owned 6,983 shares of the company’s stock, valued at $3,879,265.99. This represents a 37.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tyler Technologies Price Performance

TYL stock opened at $553.23 on Thursday. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The business has a fifty day moving average price of $571.72 and a 200-day moving average price of $573.72. The stock has a market capitalization of $23.93 billion, a P/E ratio of 79.03, a P/E/G ratio of 4.32 and a beta of 0.89.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analysts’ expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On Tyler Technologies

Institutional investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new stake in Tyler Technologies in the 1st quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in Tyler Technologies by 820.0% in 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 in the last quarter. Generali Asset Management SPA SGR purchased a new stake in Tyler Technologies in the 2nd quarter worth $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Tyler Technologies in the 2nd quarter worth $32,000. Finally, Cornerstone Planning Group LLC increased its stake in Tyler Technologies by 221.1% in 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 in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TYL. Wall Street Zen cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Cantor Fitzgerald began coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $688.27.

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.