Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CEO Sells 6,514 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tyler Technologies Stock Up 2.1 %

Tyler Technologies stock traded up $12.76 during mid-day trading on Tuesday, hitting $619.15. The company had a trading volume of 396,852 shares, compared to its average volume of 250,148. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of 102.17, a PEG ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $598.68 and a 200 day moving average of $598.02.

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 the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on TYL. DA Davidson reiterated a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Wells Fargo & Company reiterated an "equal weight" rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Piper Sandler upped their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies in the third quarter worth $27,000. Sierra Ocean LLC purchased a new position in Tyler Technologies in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. raised its position in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

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.