Brian Miller Sells 1,000 Shares of Tyler Technologies (NYSE:TYL) Stock

by · The Cerbat Gem

Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) CFO Brian Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total transaction of $448,510.00. Following the sale, the chief financial officer owned 17,148 shares in the company, valued at approximately $7,691,049.48. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded up $1.07 during trading hours on Wednesday, reaching $451.18. 346,370 shares of the company were exchanged, compared to its average volume of 318,967. The firm has a market cap of $19.41 billion, a PE ratio of 62.75, a PEG ratio of 3.40 and a beta of 0.91. Tyler Technologies, Inc. has a 1 year low of $445.64 and a 1 year high of $661.31. The stock’s fifty day moving average is $477.76 and its 200 day moving average is $532.58.

Tyler Technologies (NYSE:TYL – Get Free Report) last released its earnings results on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.88 by $0.09. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.Tyler Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. Research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Hedge Funds Weigh In On Tyler Technologies

Several hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $28,000. Generali Asset Management SPA SGR acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $32,000. Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the first quarter worth approximately $38,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. TD Cowen began coverage on Tyler Technologies in a report on Friday, December 12th. They issued a “buy” rating and a $650.00 target price on the stock. BTIG Research began coverage on Tyler Technologies in a report on Tuesday. They set a “buy” rating and a $560.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $660.00 target price on Tyler Technologies in a research report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $649.31.

Check Out Our Latest Analysis on Tyler Technologies

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.

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