Tyler Technologies, Inc. (NYSE:TYL) CFO Sells $4,144,040.00 in Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tyler Technologies Trading Up 0.4 %

NYSE:TYL opened at $593.60 on Friday. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $25.41 billion, a PE ratio of 108.32, a P/E/G ratio of 5.54 and a beta of 0.76. The business’s 50 day moving average is $609.82 and its two-hundred day moving average is $568.95.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data 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 return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period last year, the business posted $1.66 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on TYL shares. JMP Securities increased their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays boosted their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the third quarter worth about $27,000. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $25,000. Blue Trust Inc. raised its position in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $61,000. Finally, Quarry LP acquired a new position in Tyler Technologies during the 3rd quarter valued at approximately $78,000. 93.30% of the stock is owned by institutional investors and hedge funds.

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.