Andrew Teed Buys 1,600 Shares of Tyler Technologies (NYSE:TYL) Stock

Tyler Technologies, Inc. (NYSE:TYL) Director Andrew Teed purchased 1,600 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $309.91 per share, with a total value of $495,856.00. Following the purchase, the director owned 5,118 shares of the company’s stock, valued at approximately $1,586,119.38. The trade was a 45.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Tyler Technologies Trading Up 3.7%

TYL stock traded up $11.95 during mid-day trading on Wednesday, hitting $335.73. 741,118 shares of the company were exchanged, compared to its average volume of 730,689. The company has a market capitalization of $14.43 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The firm has a fifty day simple moving average of $403.92 and a 200 day simple moving average of $471.67. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $626.56.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.07). The company had revenue of $575.18 million for the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 EPS. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Institutional Investors Weigh In On Tyler Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TYL. Root Financial Partners LLC acquired a new stake in Tyler Technologies during the 3rd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Tyler Technologies during the second quarter worth $32,000. DV Equities LLC bought a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $27,000. Salomon & Ludwin LLC lifted its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter worth $29,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 13th. TD Cowen dropped their price target on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Wells Fargo & Company cut their price target on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Cantor Fitzgerald restated a “neutral” rating and set a $325.00 price objective on shares of Tyler Technologies in a research note on Friday, February 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $467.54.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.