Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. Sells 3,250 Shares

Tyler Technologies, Inc. (NYSE:TYL) CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tyler Technologies Trading Down 0.6 %

Shares of NYSE TYL traded down $3.77 during midday trading on Monday, hitting $625.40. The stock had a trading volume of 294,969 shares, compared to its average volume of 235,043. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $637.53. The company has a fifty day moving average price of $600.16 and a 200 day moving average price of $557.28. The company has a market capitalization of $26.77 billion, a price-to-earnings ratio of 113.85, a PEG ratio of 5.70 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the business earned $1.66 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TYL. DA Davidson increased their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler raised their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. JMP Securities raised their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in Tyler Technologies by 64.8% in the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 1,161 shares during the period. SG Americas Securities LLC lifted its position in Tyler Technologies by 18.3% in the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock valued at $4,081,000 after purchasing an additional 1,255 shares during the last quarter. Aigen Investment Management LP bought a new stake in Tyler Technologies in the 3rd quarter valued at about $1,309,000. Vaughan Nelson Investment Management L.P. lifted its position in Tyler Technologies by 21.5% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 123,253 shares of the technology company’s stock valued at $61,969,000 after purchasing an additional 21,818 shares during the last quarter. Finally, Swedbank AB bought a new stake in Tyler Technologies in the 2nd quarter valued at about $251,390,000. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.