Insider Selling: Tyler Technologies, Inc. (NYSE:TYL) CFO Sells 2,671 Shares of Stock

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 2,671 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total value of $1,242,095.13. Following the completion of the sale, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $5.36 during trading hours on Tuesday, reaching $481.38. 280,924 shares of the company’s stock were exchanged, compared to its average volume of 215,088. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day moving average is $426.42 and its two-hundred day moving average is $419.18. The company has a market cap of $20.44 billion, a P/E ratio of 107.70, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $483.83.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Equities research analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. Oppenheimer boosted their price target on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird increased their price objective on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $492.22.

Institutional Investors Weigh In On Tyler Technologies

Several large investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies in the fourth quarter worth about $31,000. Larson Financial Group LLC grew its stake in shares of Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after buying an additional 81 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at about $40,000. Finally, Lindbrook Capital LLC lifted its position in Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds 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.