Tyler Technologies, Inc. (NYSE:TYL) Insider Sells $3,714,000.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tyler Technologies Price Performance

Tyler Technologies stock traded up $8.42 during mid-day trading on Friday, reaching $561.83. 127,110 shares of the company's stock traded hands, compared to its average volume of 239,426. The company has a market cap of $24.17 billion, a price-to-earnings ratio of 92.65, a PEG ratio of 4.93 and a beta of 0.80. The stock has a 50 day moving average of $598.95 and a two-hundred day moving average of $598.28. 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 12-month low of $397.80 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial reaffirmed a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reaffirmed a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, Barclays increased their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Institutional Trading of Tyler Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in shares of Tyler Technologies by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after buying an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Tyler Technologies by 0.5% during 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 last quarter. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after acquiring an additional 21 shares during the last quarter. Finally, Baron Wealth Management LLC raised its position in Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after purchasing an additional 22 shares during the period. Institutional investors 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.