Tyler Technologies, Inc. (NYSE:TYL) CFO Sells 2,500 Shares

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares in the company, valued at approximately $7,709,257.98. This trade represents a 17.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tyler Technologies Trading Down 1.2 %

Shares of NYSE:TYL traded down $7.58 during mid-day trading on Friday, hitting $623.15. The company had a trading volume of 196,958 shares, compared to its average volume of 234,515. The company has a market capitalization of $26.67 billion, a PE ratio of 113.71, a price-to-earnings-growth ratio of 5.64 and a beta of 0.76. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The firm has a fifty day moving average price of $603.88 and a 200 day moving average price of $560.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Institutional Investors Weigh In On Tyler Technologies

A number of hedge funds have recently added to or reduced their stakes in TYL. Mather Group LLC. lifted its holdings in shares of Tyler Technologies by 25.0% in the 2nd quarter. Mather Group LLC. now owns 325 shares of the technology company's stock worth $163,000 after purchasing an additional 65 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Tyler Technologies by 17.9% during the second quarter. QRG Capital Management Inc. now owns 776 shares of the technology company's stock valued at $390,000 after buying an additional 118 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Tyler Technologies by 18.3% during the second quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company's stock worth $4,081,000 after acquiring an additional 1,255 shares in the last quarter. Czech National Bank increased its position in shares of Tyler Technologies by 9.2% during the second quarter. Czech National Bank now owns 8,090 shares of the technology company's stock worth $4,067,000 after acquiring an additional 679 shares in the last quarter. Finally, Quantum Financial Advisors LLC raised its holdings in shares of Tyler Technologies by 2.0% in the 2nd quarter. Quantum Financial Advisors LLC now owns 1,743 shares of the technology company's stock worth $876,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TYL. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. The Goldman Sachs Group reissued a "buy" rating and set a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. DA Davidson upped their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Truist Financial restated a "buy" rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Tyler Technologies presently has an average 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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