Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) Insider Sells $3,714,000.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Tyler Technologies Stock Performance

NYSE:TYL opened at $568.69 on Thursday. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 93.84, a PEG ratio of 4.93 and a beta of 0.80. The firm’s fifty day simple moving average is $599.55 and its 200 day simple moving average is $598.81.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TYL. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial reiterated a “buy” rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $676.25.

Hedge Funds Weigh In On Tyler Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company’s stock worth $453,000 after buying an additional 18 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Tyler Technologies by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after buying an additional 20 shares in the last quarter. Kensington Investment Counsel LLC increased its position in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in shares of Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds 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.