Tyler Technologies (NYSE:TYL) CEO H Lynn Moore, Jr. Sells 10,000 Shares of Company Stock

Tyler Technologies, Inc. (NYSE:TYL) CEO H. Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $393.17, for a total transaction of $3,931,700.00. Following the completion of the sale, the chief executive officer owned 100,392 shares in the company, valued at approximately $39,471,122.64. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tyler Technologies Trading Up 0.2%

Tyler Technologies stock opened at $404.60 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $353.93 and a two-hundred day moving average price of $337.07. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 50.96, a PEG ratio of 2.66 and a beta of 0.74. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $481.57.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.48 by $0.04. The company had revenue of $647.57 million for the quarter, compared to analyst estimates of $651.38 million. Tyler Technologies had a net margin of 13.51% and a return on equity of 12.21%. Tyler Technologies’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 earnings per share. Sell-side analysts expect that Tyler Technologies, Inc. will post 10.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several analyst reports. TD Cowen raised their target price on Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 26th. DA Davidson reiterated a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday, October 27th. Weiss Ratings raised Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. Finally, The Goldman Sachs Group raised their price target on Tyler Technologies from $345.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $440.88.

Institutional Investors Weigh In On Tyler Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leelyn Smith LLC boosted its stake in Tyler Technologies by 13.8% in the 3rd quarter. Leelyn Smith LLC now owns 4,340 shares of the technology company’s stock worth $1,383,000 after purchasing an additional 526 shares during the period. Parallel Advisors LLC grew its position in Tyler Technologies by 4.8% during the 3rd quarter. Parallel Advisors LLC now owns 674 shares of the technology company’s stock worth $215,000 after purchasing an additional 31 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Tyler Technologies during the 3rd quarter worth approximately $664,000. Markel Group Inc. acquired a new stake in Tyler Technologies during the 3rd quarter valued at $1,720,000. Finally, Integrity Alliance LLC. acquired a new stake in Tyler Technologies during the 3rd quarter valued at $252,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Company Profile

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.