Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller Sells 6,752 Shares

Tyler Technologies, Inc. (NYSE:TYL) CFO Brian K. Miller sold 6,752 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares in the company, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tyler Technologies Trading Down 1.0 %

TYL opened at $607.97 on Wednesday. The firm’s 50 day moving average is $609.38 and its 200-day moving average is $567.72. 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 firm has a market capitalization of $26.02 billion, a P/E ratio of 110.94, a P/E/G ratio of 5.54 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly 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 previous year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Institutional Trading of Tyler Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Aigen Investment Management LP acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $1,309,000. Maiden Cove Capital LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at approximately $583,000. Assetmark Inc. grew its position in shares of Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after buying an additional 854 shares in the last quarter. MBB Public Markets I LLC bought a new stake in shares of Tyler Technologies in the second quarter worth $1,564,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Tyler Technologies in the third quarter valued at $569,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TYL. Truist Financial reaffirmed a “buy” rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Needham & Company LLC lifted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson boosted their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. JMP Securities raised their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird lifted their price target 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. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price 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.