Piper Sandler Issues Pessimistic Forecast for Tyler Technologies (NYSE:TYL) Stock Price

Tyler Technologies (NYSE:TYL) had its target price decreased by stock analysts at Piper Sandler from $708.00 to $671.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s target price suggests a potential upside of 48.58% from the stock’s previous close.

Several other equities research analysts have also commented on TYL. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson lowered their target price on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Stifel Nicolaus started coverage on Tyler Technologies in a research report on Wednesday, January 7th. They issued a “buy” rating and a $550.00 price target on the stock. TD Cowen assumed coverage on Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating and a $650.00 price objective for the company. Finally, Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $617.57.

Tyler Technologies Stock Up 1.9%

NYSE TYL opened at $451.61 on Tuesday. The firm has a market capitalization of $19.43 billion, a PE ratio of 62.81, a P/E/G ratio of 2.99 and a beta of 0.91. The stock’s 50 day moving average is $458.71 and its 200 day moving average is $514.43. Tyler Technologies has a twelve month low of $430.00 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $594.34 million. During the same quarter last year, the firm posted $2.52 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, research analysts anticipate that Tyler Technologies will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the transaction, the chief financial officer owned 12,781 shares of the company’s stock, valued at $5,995,311.48. This represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently bought and sold shares of TYL. Mather Group LLC. lifted its stake in Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after acquiring an additional 19 shares during the period. Meridian Wealth Management LLC raised its holdings in shares of Tyler Technologies by 2.1% during the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock valued at $558,000 after purchasing an additional 19 shares during the last quarter. Cerity Partners LLC lifted its position in Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 19 shares during the period. Nordea Investment Management AB boosted its holdings in Tyler Technologies by 0.6% in the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after purchasing an additional 20 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Tyler Technologies by 3.9% in the third quarter. Signaturefd LLC now owns 613 shares of the technology company’s stock worth $321,000 after purchasing an additional 23 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.