Jeffrey David Puckett Sells 8,500 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) COO Jeffrey David Puckett sold 8,500 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. This represents a 52.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyler Technologies Stock Up 5.0%

Shares of TYL stock opened at $370.37 on Friday. The firm has a market capitalization of $15.17 billion, a P/E ratio of 49.12, a PEG ratio of 2.32 and a beta of 0.81. The firm’s fifty day moving average price is $314.86 and its two-hundred day moving average price is $323.65. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. Tyler Technologies, Inc. has a 1 year low of $270.71 and a 1 year high of $566.58.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 29th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.03. The business had revenue of $645.10 million for the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%.Tyler Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 10.13 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Several large investors have recently bought and sold shares of TYL. California State Teachers Retirement System lifted its holdings in shares of Tyler Technologies by 29,674.6% in the second quarter. California State Teachers Retirement System now owns 19,141,507 shares of the technology company’s stock worth $5,598,125,000 after acquiring an additional 19,077,219 shares during the last quarter. BlackRock Inc. bought a new position in Tyler Technologies in the 2nd quarter valued at approximately $1,129,890,000. Norges Bank bought a new stake in shares of Tyler Technologies during the fourth quarter worth $921,035,000. State Street Corp increased its holdings in shares of Tyler Technologies by 1.8% during the third quarter. State Street Corp now owns 1,947,850 shares of the technology company’s stock worth $1,019,037,000 after buying an additional 34,178 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Tyler Technologies by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,888,475 shares of the technology company’s stock worth $857,274,000 after acquiring an additional 44,785 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TYL. Weiss Ratings reissued a “sell (d+)” rating on shares of Tyler Technologies in a report on Tuesday, July 21st. Robert W. Baird set a $455.00 target price on shares of Tyler Technologies in a report on Friday, May 1st. Piper Sandler cut their target price on Tyler Technologies from $543.00 to $491.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Truist Financial set a $440.00 price target on Tyler Technologies in a research report on Friday, May 1st. Finally, Guggenheim initiated coverage on Tyler Technologies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.72.

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.