Insider Selling: Tyler Technologies (NYSE:TYL) COO Sells $3,029,740.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) COO Jeffrey David Puckett sold 8,500 shares of Tyler Technologies stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website.

Tyler Technologies Stock Performance

TYL traded up $3.20 during midday trading on Wednesday, reaching $353.26. The company had a trading volume of 576,346 shares, compared to its average volume of 721,070. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $566.58. The business has a 50-day moving average price of $311.74 and a two-hundred day moving average price of $323.41. The stock has a market cap of $14.47 billion, a PE ratio of 46.85, a P/E/G ratio of 2.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55.

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

Analyst Upgrades and Downgrades

TYL has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. DA Davidson reaffirmed a “buy” rating and set a $460.00 price objective on shares of Tyler Technologies in a report on Wednesday, June 10th. TD Cowen cut their target price on shares of Tyler Technologies from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 27th. BTIG Research reduced their target price on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Guggenheim started coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 price target on the stock. 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 given a Sell rating to the stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $456.72.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DV Equities LLC purchased a new position in Tyler Technologies during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG lifted its holdings in shares of Tyler Technologies by 259.3% in the second quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter worth about $29,000. Bayban bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Tyler Technologies by 3,900.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares during the period. 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.