Tyler Technologies, Inc. (NYSE:TYL) Insider Sells $3,801,300.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL - Get Free Report) insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tyler Technologies Stock Down 1.2 %

Tyler Technologies stock traded down $7.58 during mid-day trading on Friday, reaching $623.15. The stock had a trading volume of 196,958 shares, compared to its average volume of 234,515. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The company has a 50-day moving average price of $603.88 and a two-hundred day moving average price of $560.21. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 113.71, a PEG ratio of 5.64 and a beta of 0.76. 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 issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business's revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Institutional investors have recently added to or reduced their stakes in the business. APG Asset Management N.V. raised its stake in shares of Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company's stock worth $706,994,000 after purchasing an additional 20,842 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock worth $645,585,000 after buying an additional 24,284 shares in the last quarter. Franklin Resources Inc. raised its position in Tyler Technologies by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock worth $547,354,000 after buying an additional 17,943 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after acquiring an additional 36,066 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $251,390,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TYL has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group reissued a "buy" rating and issued a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Piper Sandler lifted their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $642.62.

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.

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