Tyler Technologies Draws Mixed Analyst Targets Amid Insider Sales

Tyler Technologies, Inc. holds a consensus "Moderate Buy" rating from sixteen brokerages, according to MarketBeat. Four analysts currently rate the shares as a hold, eleven have issued a buy rating, and one has assigned a strong buy rating. Across these firms, the average 12-month price target stands at $440.88.

Recent brokerage adjustments show a range of expectations for the public-sector software provider. The Goldman Sachs Group lifted its price target from $345.00 to $385.00 while maintaining a neutral rating. Meanwhile, BTIG Research raised its price objective from $400.00 to $430.00 with a buy rating, and Needham & Company LLC lifted its target to $500.00. Separately, Zacks Investment Research gave the company a Zacks Rank of #3 (Hold) and assigned it a Value grade of D, pointing to valuation metrics such as a forward price-to-earnings ratio of 32.88.

The analyst updates follow Tyler Technologies' quarterly financial report released on October 28th. The company posted earnings per share of $3.52, beating the analyst consensus forecast of $3.48. Revenue increased 8.7% year over year to $647.57 million, slightly missing analyst expectations of $651.38 million. Net margin reached 13.51%, and the business generated record free cash flow of US$277 million.

Alongside the financial results, corporate insider sales have totaled 38,430 shares worth $14,883,788 over the last quarter. Director Daniel Pope sold 680 shares at an average price of $407.56 on November 2nd, reducing his holdings by 20.46%. Chief Operating Officer Jeffrey Puckett sold 10,000 shares on November 4th at an average price of $419.69, a 56.18% reduction in his position. Corporate insiders now hold 1.10% of the firm's stock.