Tyler Technologies, Inc. (NYSE:TYL) Director Sells $1,443,525.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Brenda A. Cline sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the sale, the director now owns 2,519 shares in the company, valued at $1,454,495.79. The trade was a 49.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Tyler Technologies Stock Down 1.2%

Shares of NYSE TYL opened at $567.14 on Thursday. The business has a 50-day moving average price of $561.82 and a 200 day moving average price of $588.98. The stock has a market cap of $24.46 billion, a PE ratio of 93.59, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, Robert W. Baird lowered their price objective on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $687.82.

Institutional Trading of Tyler Technologies

A number of large investors have recently bought and sold shares of TYL. Larson Financial Group LLC increased its stake in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after purchasing an additional 31 shares during the period. Retirement Wealth Solutions LLC purchased a new position in shares of Tyler Technologies during the first quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. raised its stake in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after acquiring an additional 42 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.