Tyler Technologies (NYSE:TYL) Stock: Insider Jeffrey David Puckett Sells 10,000 Shares

Tyler Technologies, Inc. (NYSE:TYL) COO Jeffrey Puckett sold 10,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $419.69, for a total value of $4,196,900.00. Following the completion of the sale, the chief operating officer owned 7,800 shares of the company’s stock, valued at $3,273,582. The trade was a 56.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey David Puckett also recently made the following trade(s):

• On Monday, August 24th, Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00.

Tyler Technologies Stock Down 3.0%

Shares of Tyler Technologies stock traded down $12.88 during trading on Friday, hitting $417.49. 398,286 shares of the stock traded hands, compared to its average volume of 758,044. The stock has a market cap of $16.60 billion, a P/E ratio of 52.58, a PEG ratio of 2.79 and a beta of 0.74. The company has a fifty day moving average price of $356.96 and a two-hundred day moving average price of $336.91. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $481.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.04. The firm 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%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.91 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 10.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TYL shares. Weiss Ratings raised Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. TD Cowen increased their price target on Tyler Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 26th. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company upped their price objective on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $440.88.

Institutional Trading of Tyler Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYL. BlackRock Inc. bought a new stake in shares of Tyler Technologies in the second quarter valued at approximately $1,129,890,000. Principal Financial Group Inc. increased its stake in Tyler Technologies by 20.1% during the first quarter. Principal Financial Group Inc. now owns 1,745,625 shares of the technology company’s stock valued at $597,681,000 after acquiring an additional 291,564 shares during the period. Bank of America Corp DE increased its position in shares of Tyler Technologies by 10.5% during the first quarter. Bank of America Corp DE now owns 405,095 shares of the technology company’s stock valued at $138,696,000 after purchasing an additional 38,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Tyler Technologies by 13.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock valued at $117,211,000 after buying an additional 48,832 shares during the period. Finally, Deutsche Bank AG acquired a new position in Tyler Technologies in the second quarter worth about $88,645,000. Institutional investors and hedge funds 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.