Abigail Marshall Diaz-Pedrosa Sells 375 Shares of Tyler Technologies, Inc. (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the completion of the sale, the insider now owns 247 shares in the company, valued at $141,679.20. This represents a 60.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tyler Technologies Price Performance

TYL stock opened at $587.24 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The firm’s fifty day moving average is $561.07 and its 200 day moving average is $585.55. The firm has a market cap of $25.32 billion, a P/E ratio of 96.90, a P/E/G ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. Research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On Tyler Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its position in shares of 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 purchasing an additional 18 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Tyler Technologies by 7.0% in the 1st quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company’s stock worth $169,000 after purchasing an additional 19 shares during the period. Leelyn Smith LLC lifted its position in shares of Tyler Technologies by 0.9% in the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company’s stock worth $1,234,000 after purchasing an additional 19 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of 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 purchasing an additional 20 shares during the period. Finally, Kensington Investment Counsel LLC lifted 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 period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TYL shares. DA Davidson cut their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. 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 report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $680.50.

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.