Tyler Technologies (NYSE:TYL) Stock: Insider Daniel Pope Sells 680 Shares

Tyler Technologies, Inc. (NYSE:TYL) Director Daniel Pope sold 680 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $407.56, for a total value of $277,140.80. Following the transaction, the director directly owned 2,643 shares of the company’s stock, valued at $1,077,181.08. The trade was a 20.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $430.90 on Friday. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $481.57. The company’s fifty day moving average price is $356.96 and its 200-day moving average price is $336.91. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 2.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.04. The business had revenue of $647.57 million for the quarter, compared to analysts’ expectations of $651.38 million. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 earnings per share. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 10.11 earnings per share for the current fiscal year.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. Raiffeisen Bank International AG increased its holdings in Tyler Technologies by 259.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Tyler Technologies during the second quarter valued at approximately $35,000. Pin Oak Investment Advisors Inc. purchased a new stake in Tyler Technologies during the 2nd quarter valued at $37,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Tyler Technologies by 75.0% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock valued at $50,000 after acquiring an additional 63 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Tyler Technologies by 235.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the technology company’s stock worth $54,000 after purchasing an additional 113 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TYL. DA Davidson restated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday, October 27th. Guggenheim started coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. Piper Sandler started coverage on Tyler Technologies in a research note on Monday, September 28th. They issued an “overweight” rating and a $450.00 price target on the stock. Needham & Company LLC upped their price objective on shares of Tyler Technologies from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Finally, UBS Group set a $395.00 target price on Tyler Technologies in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $440.88.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.