Tyler Technologies (NYSE:TYL) Sees Strong Trading Volume – What’s Next?

Tyler Technologies, Inc. (NYSE:TYL) saw strong trading volume on Tuesday . 1,259,676 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 612,874 shares.The stock last traded at $317.34 and had previously closed at $312.27.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company cut their price objective on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a report on Friday, February 13th. Barclays lifted their price objective on shares of Tyler Technologies from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research report on Friday, February 13th. Finally, TD Cowen cut their price target on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $468.53.

Tyler Technologies Stock Up 0.1%

The company has a 50-day moving average of $341.83 and a 200 day moving average of $399.92. The firm has a market capitalization of $13.18 billion, a PE ratio of 43.18, a PEG ratio of 2.19 and a beta of 0.86.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.Tyler Technologies’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 9.89 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, Director Andrew D. Teed acquired 1,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were purchased at an average price of $309.91 per share, for a total transaction of $495,856.00. Following the transaction, the director owned 5,118 shares in the company, valued at $1,586,119.38. This represents a 45.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $325.08 per share, for a total transaction of $198,298.80. Following the transaction, the insider directly owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This represents a 118.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 7,298 shares of company stock worth $2,658,721. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

A number of large investors have recently added to or reduced their stakes in TYL. Norges Bank bought a new position in shares of Tyler Technologies during the fourth quarter valued at about $921,035,000. Van ECK Associates Corp boosted its holdings in Tyler Technologies by 43.2% during the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after acquiring an additional 367,203 shares during the period. Principal Financial Group Inc. grew its position in Tyler Technologies by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock worth $597,681,000 after acquiring an additional 291,564 shares during the last quarter. Wellington Management Group LLP increased its stake in Tyler Technologies by 72.5% in the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock worth $314,302,000 after purchasing an additional 252,488 shares during the period. Finally, Impax Asset Management Group plc bought a new position in shares of Tyler Technologies in the fourth quarter worth approximately $106,740,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

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.