Tyler Technologies, Inc. (NYSE:TYL) CEO Sells $3,786,375.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tyler Technologies Stock Performance

Shares of TYL traded up $7.87 during mid-day trading on Friday, hitting $623.22. The company's stock had a trading volume of 287,361 shares, compared to its average volume of 229,266. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $26.67 billion, a PE ratio of 112.61, a price-to-earnings-growth ratio of 5.44 and a beta of 0.77. The stock's 50-day moving average is $590.22 and its two-hundred day moving average is $539.16. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the company earned $1.66 EPS. Tyler Technologies's revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Hedge Funds Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYL. Ashton Thomas Securities LLC bought a new position in Tyler Technologies during the third quarter worth $27,000. Independence Bank of Kentucky bought a new stake in shares of Tyler Technologies during the 2nd quarter valued at $25,000. Covestor Ltd increased its holdings in Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after buying an additional 43 shares during the period. Blue Trust Inc. boosted its holdings in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $38,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent analyst reports. Evercore ISI raised Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Robert W. Baird increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. BTIG Research raised their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research report on Friday, July 26th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Finally, StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Company Profile

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.

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