Tyler Technologies (NYSE:TYL) Reaches New 1-Year Low – Here’s What Happened

by · The Markets Daily

Tyler Technologies, Inc. (NYSE:TYL – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $445.01 and last traded at $453.9280, with a volume of 96 shares traded. The stock had previously closed at $455.64.

Analyst Ratings Changes

Several brokerages have commented on TYL. Cowen began coverage on shares of Tyler Technologies in a research report on Friday. They set a “buy” rating for the company. Oppenheimer reiterated an “outperform” rating and issued a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group reiterated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $656.75.

Check Out Our Latest Analysis on Tyler Technologies

Tyler Technologies Price Performance

The firm has a 50-day simple moving average of $479.47 and a 200 day simple moving average of $534.35. The stock has a market capitalization of $19.34 billion, a P/E ratio of 62.74, a P/E/G ratio of 3.47 and a beta of 0.91.

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

Insider Activity

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total transaction of $469,080.00. Following the transaction, the chief financial officer owned 12,781 shares in the company, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Tyler Technologies

A number of institutional investors have recently bought and sold shares of the company. DLD Asset Management LP acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $5,780,190,000. Norges Bank bought a new stake in Tyler Technologies in the second quarter worth approximately $712,276,000. Van ECK Associates Corp lifted its stake in Tyler Technologies by 55.1% in the third 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 boosted its holdings in shares of Tyler Technologies by 72.5% during the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after buying an additional 252,488 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 buying an additional 234,916 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

(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